2022 City of Toronto Budget Summary

This funding through continued partnerships with the budget ensures that the City will continue to respond to Government of Canada and the Government of Ontario the pandemic, address its financial pressures and set to address the impacts of the COVID-19 pandemic. [...] 2022 City of Toronto Budget Summary 6 2022 Budget Overview 2022 City of Toronto Budget Summary 7 2022 Budget Overview Operating and Capital Budget Summary 2022 OPERATING AND CAPITAL BUDGET SUMMARY The 2022 Operating Budget and the 2022 – 2031 Capital Budget and Plan are COVID budgets that continue to address the pandemic impacts and the financial challenges it has created for Toronto. [...] Toronto has undergone a ‘cultural renaissance' with the unprecedented building and architectural transformation of close to a dozen major arts and cultural institutions, including the Michael Lee-Chin Crystal (an expansion of the Royal Ontario Museum), the Art Gallery of Ontario, the new home of the Toronto International Film Festival, the Four Seasons Centre for the Performing Arts which is the n. [...] In summary, the Corporate Strategic Planning Framework, and the Corporate Performance Management System clarify and strengthen accountability between Council, staff and the public, and focus the City’s leadership and staff on results that improve the quality of life for residents and businesses, and the performance of the organization. [...] The 3 major phases of the budget process are: 1) Budget submission 2) Administrative reviews 3) Committee and Council reviews Budget Submission For the 2022 budget process, City Programs and Agencies develop their budgets based on the City Council approved directions and guidelines issued by the City Manager and the Chief Financial Officer, and submit budget requests that provide offsets to expect.