Budget & Finances
Understand how Toronto manages public funds and makes financial decisions for the city.
2024 Budget Overview
Total Budget
2024 Approved Budget
Revenue Sources
Where Your Tax Dollars Go
Transportation
$2.8B
TTC operations, road maintenance, and transportation infrastructure
17.3% of total budget
Police Services
$1.2B
Toronto Police Service operations and public safety programs
7.4% of total budget
Health & Social
$2.1B
Public health, social services, housing, and community support
13.0% of total budget
City Operations
$1.8B
Parks, recreation, waste management, and city administration
11.1% of total budget
Fire & Emergency
$0.6B
Fire services, paramedic services, and emergency management
3.7% of total budget
Debt & Capital
$7.7B
Infrastructure investments, debt servicing, and capital projects
47.5% of total budget
Financial Transparency
Annual Reports
Comprehensive financial statements and performance reports
Open Data
Access detailed budget data and spending information
Budget Process
Learn how the city creates and approves budgets
Key Financial Metrics
Property Tax
Average annual per household
Credit Rating
Moody's & S&P rating
Debt Ratio
Debt as % of revenue
Per Capita
Budget per resident
Have Your Say on the Budget
Participate in Toronto's budget process and help shape city priorities