• Councillor Mark Grimes

2021 Capital & Operating Budgets

The budget process has begun for the City of Toronto's 2021 Capital & Operating Budgets. The staff-recommended budgets can be found here. You can also view budget highlights in the presentation from the City Manager, and the Chief Financial Officer here.

What are the Capital & Operating Budgets?

Capital Budget

  • The capital budget funds the City’s infrastructure that supports service delivery. It pays for the construction and repair of transit, roads, bridges, public buildings such as libraries, community centres and fire stations, and parks. The City of Toronto updates and presents a new 10-year Capital Budget and Plan each year as part of the budget process. The capital budget is primarily funded from reserves, development charges, other levels of government and by borrowing funds

Operating Budget

  • The operating budget covers day-today spending on services such as recreation programs, parks maintenance, public health, city roads, transit, police, and other emergency services. Approximately 32 percent of the funds for the operating budget comes from property taxes. The remainder comes from provincial grants and subsidies as well as user fees.

How to Get Involved

  • You can make a deputation, which is a short five-minute speech where you can share your comments directly with Budget Committee members.

  • The Budget Committee will hear public deputations on Monday, January 25, 2021 and Tuesday, January 26, 2021

Register for Your Deputation

  • Register to speak by emailing buc@toronto.ca or calling 416-392-4666. Indicate your choice of date. Please register to speak by 4:30 p.m. on Friday, January 22, 2021.

  • Individuals may only make one presentation. Registered public speakers will be provided with instructions to connect to the web conference meeting.

  • For more information on getting involved, including how to submit a written deputation, please visit here.

The Budget Committee meeting will be streamed live online at youtube.com/TorontoCityCouncilLive.

For more information on the budget process, visit here and here.