The Public GalleryToronto

Executive Committee · 2020-12-10 · 2020.EX19.6

The filed record

2021 Tax Supported Interim Operating and Capital Budget Estimates

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The decision

2020-12-16 · Toronto City Council · adopted

As filed

City Council on December 16, 17 and 18, 2020, adopted the following: 1. City Council approve the 2021 Tax Supported Interim Operating Budget Estimates totalling $3.573 billion as detailed by City Program and Agency in Appendix 1 to the report (November 26, 2020) from the Chief Financial Officer and Treasurer.

On the agenda

As the city filed it

The 2021 Tax Supported Operating and Capital Budgets are scheduled for Council approval in mid- February of 2021. The purpose of this report is to establish the 2021 Tax Supported Interim Operating and Capital Estimates in order to enable Tax Supported City Programs and Agencies to have the necessary spending authority to deliver current services, meet existing contractual commitments and to continue work on previously approved capital projects until the 2021 Operating and Capital Budgets are approved by City Council.

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The 2021 Tax Supported Interim Operating Estimates are $3.573 billion gross and require cash outflow funding of $3.074 billion. The 2021 Tax Supported Interim Capital Estimates total $1.149 billion and require debenture financing of $0.381 billion.

Staff recommended

The Chief Financial Officer and Treasurer recommends that: 1. City Council approve the 2021 Tax Supported Interim Operating Budget Estimates totalling $3.573 billion as detailed by City Program and Agency in Appendix 1 attached.

Considered

  • 2020-12-10 · Executive Committee · adopted

    Decision as filed

    The Executive Committee recommends that: 1. City Council approve the 2021 Tax Supported Interim Operating Budget Estimates totalling $3.573 billion as detailed by City Program and Agency in Appendix 1 to the report (November 26, 2020) from the Chief Financial Officer and Treasurer.

  • 2020-12-16 · Toronto City Council · adopted

On the record

The item as the City filed it

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