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February 12, 2010
Toronto to introduce 2010 Operating Budget
  
The City of Toronto will present the staff recommended 2010 Operating Budget to Budget Committee.

WHEN: Tuesday, February 16

SCHEDULE:

9:30 a.m. - Budget Committee meeting begins. Toronto Mayor David Miller and Chair of the Budget Committee Councillor Shelley Carroll will make opening remarks. Toronto City Manager Joseph Pennachetti and Deputy City Manager/Chief Financial Officer Cam Weldon will present the recommended 2010 Operating Budget. LOCATION: Toronto City Hall, 100 Queen St. W., Council Chamber

10:30 a.m. (or at conclusion of the Budget Committee meeting) - Toronto Mayor David Miller and Chair of the Budget Committee Councillor Shelley Carroll will hold a media availability. LOCATION: Toronto City Hall, 100 Queen St. W., Members Lounge, Council Chamber

12:30 p.m. - Toronto City Manager Joseph Pennachetti and Deputy City Manager/Chief Financial Officer Cam Weldon and City finance staff will be available to provide background information and respond to media inquiries. This is a background briefing for media only and no cameras will be permitted. LOCATION: Toronto City Hall, 100 Queen St. W., 7th Floor, East Tower

The introduction of the staff recommended 2010 Operating Budget is the start of the formal review process for the operating budget. After the recommended budget is presented, meetings take place where the budget is reviewed and public opinion is considered before it is finalized. Information about the City’s Operating Budget is available at http://www.toronto.ca/budget2010. Detailed information on the proposed 2010 budget will be available on the website beginning February 16.

Members of the public and stakeholders may make their views regarding the staff recommended 2010 Operating Budget known to the Budget Committee or their City Councillor. The public and stakeholders may participate in the discussion through one of the following methods:

1. Make a public presentation at one of the two Budget Committee meetings being held for public deputations.

Meeting 1
Monday, March 1
6:30 to 9:30 p.m.
Toronto City Hall
100 Queen St. W.
Council Chamber

Meeting 2
Tuesday, March 2
1:30 to 9:30 p.m.
Toronto City Hall
100 Queen St. W.
Council Chamber

NOTE: Members of the public should contact the Budget Committee at 416-392-7445, or e-mail buc@toronto.ca no later than 12 noon on February 26 if they wish to make a public presentation. There will be a five-minute time limit for each presentation.


2. Submit a written presentation concerning the 2010 Operating Budget to:

Budget Committee
Toronto City Hall
10th floor, West Tower
100 Queen St. W.
Toronto, ON M5H 2N2
E-mail: buc@toronto.ca
Fax: 416-392-1879


3. Send a letter or e-mail concerning the 2010 Operating Budget to their City Councillor

For information on how to contact your City Councillor, residents may call 311, e-mail 311@toronto.ca, visit http://www.toronto.ca or call TTY: 416-338-0TTY (0889)

Toronto City Council will consider the final proposed 2010 Operating Budget at a Council meeting scheduled for April 15 and 16, 2010.


BACKGROUND TO THE CITY’S BUDGET

The City has both an operating and capital budget.

The day-to-day operation of City services is paid for from the City’s operating budget - the money dedicated to salaries and operating expenses such as rent, fuel, electricity and equipment. The delivery of City services such as police, fire, emergency medical services, TTC, employment services, the new 311 contact centre, waste collection and recycling, libraries, parks and recreation, child care, by-law enforcement and many others are paid for through the City’s operating budget. Municipalities cannot have a deficit in their annual operating budgets and must balance their budgets each year - even during a recession - when the needs of the community increase and revenues remain flat or decline. In Toronto, almost half of the property taxes collected in the entire city go toward paying the costs of the three emergency services and the TTC.

In 2009, the City included measures within the operating budget to assist those most affected by the recession. The Your City Can Help program dedicated additional funds to assist residents in keeping their housing and finding work. The City also enhanced property tax assistance programs for eligible seniors and disabled persons.

The 2009 Operating Budget for the City of Toronto was $8.7 billion.

In 2009, Toronto’s residential property taxes for both homes and condominiums continued to be the lowest in the entire GTA. Toronto’s government has also reduced the amount of taxes paid by city businesses. Since 2006, the City of Toronto has saved businesses $190 million in business taxes as part of Council’s policy to reduce the overall business tax portion of City-tax revenues.

Toronto City Council froze development charges for two years, 2009 and 2010. The freeze was implemented to support the construction and building industry in the city.

Toronto’s government is also rolling out its 10-year $16 billion capital plan that was approved last December. The plan approved by Council speeds up job creation and the maintenance of City infrastructure by moving more capital spending into the first five years of the plan. More than 50 per cent of the City’s 2010 capital budget and 10-year plan will go toward the infrastructure required for the operation, maintenance and expansion of the TTC. The capital budget will pay the cost of major infrastructure for the TTC, including new streetcars. In total, the 10-year capital plan sets aside over $11.7 billion for transportation in Toronto (including TTC) - more than 70 per cent of the total capital budget.

The City has also approved capital projects for Toronto Water and Solid Waste Management totalling an additional $9.8 billion, bringing the total 10-year capital plan to $25.8 billion. Over the 10-year period, these capital plans will create or maintain approximately 300,000 jobs.

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. Toronto has won numerous awards for quality, innovation and efficiency in delivering public services. Toronto's government is dedicated to prosperity, opportunity and liveability for all its residents. For information about non-emergency City services and programs, Toronto residents, businesses and visitors can dial 311, 24 hours a day, 7 days a week.


Media contacts:
Don Wanagas, Director, Communications, Office of Mayor David Miller 416-338-7134, dwanagas@toronto.ca
Jennifer Daws, Executive Assistant to Councillor Carroll, Chair of Budget Committee, 416-392-4037, jdaws@toronto.ca
Kevin Sack, Director, Strategic Communications, 416-397-5277 (o), 416-919-6500 (c), ksack@toronto.ca



 

 

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