The City of Toronto’s Budget Committee today began the process to review the staff-recommended tax-supported and rate-supported operating and capital budgets for 2019. The budgets will be reviewed and debated by Budget and Executive Committees before being finalized and approved by City Council at its meeting on March 7.
The 2019 staff-recommended operating budget of $13.46 billion focuses on finding sustainable savings across City divisions and agencies while maintaining service levels and making modest investments and enhancements in key areas. The budget includes $54.7 million in new investments for key priorities and enhanced services.
The 2019 capital budget is $40.67 billion, of which 49 per cent is dedicated to maintaining and investing in the City’s state of good repair. A total of $783 million in new investments has been added to the City’s 10-year capital plan in areas such as transit, modernization, emergency services and accessibility improvements. Seventy per cent of the tax-supported 10-year capital plan is dedicated to transit and transportation.
Members of the public can share their views with the Budget Committee at public presentations, scheduled to take place on February 7 and 11. More information about how to make a deputation is available at http://app.toronto.ca/tmmis.