What is the City Budget

What is the City Budget

The City of Toronto budget is determined annually. 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.

1

Rate Supported Budget

2

Capital Budget

3

Operating Budget

The City also has three rate supported programs:

  1. Toronto Water
  2. Solid Waste Management Services
  3. Toronto Parking Authority

These programs are funded almost entirely by the user in the form of fees.

The Capital budget focuses on big, one-time investment costs, and are usually long-term. More details below.

The Operating budget focuses on day-to-day spending. More details below.

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