What is the City Budget
The City of Toronto budget is determined annually. The budget is reviewed, debated, changed, and approved by the Budget Committee, Executive Committee, and finally City Council. There are three parts of the city budget: Rate Supported, Operating, and Capital. Both the Operating and Capital are built from tax dollars and financial subsidies from the Provincial and Federal governments. The Operating and Capital budgets fund City services, programs, and infrastructure and are approved by City Council every year.