Important Issues : Budget

Budget 2008

First balanced budget since amalgamation protects services and invests in priorities

This year, for the first time since amalgamation, the City of Toronto’s staff recommended operating budget was introduced as balanced. The budget was introduced at a meeting of the City of Toronto Budget Committee on January 28, 2008. The 2008 recommended Operating Budget protects existing services and contains important new investments in the City’s highest priorities.

 "This is a tremendous achievement for the City,” said Toronto Mayor David Miller. “Building a City that is liveable and provides prosperity and opportunity for everyone is the most important role of local government. This budget allows us to start to make the kinds of investments Torontonians want and deserve. As a government, we have made difficult decisions over the past several months and are now starting to turn the corner,” said Mayor Miller.

For more information on the City’s 2008 Operating and Capital Budgets, please visit www.toronto.ca/budget2008/.