2024 Heads and Beds Levy on Institutions

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The decision

2024-07-24 · Toronto City Council · adopted

As filed

City Council on July 24 and 25, 2024, adopted the following: 1. City Council authorize the levy and collection of amounts for the 2024 taxation year on colleges and universities, public hospitals, and correctional facilities at the prescribed rate of $75 per provincially rated hospital bed, full time student or resident place as authorized by Section 285 of the City of Toronto Act, 2006, to be due on September 5, 2024.

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2. City Council forward the Item to the Premier of Ontario and the Ontario Minister of Finance and request the Province to increase the $75.00 levy annually by the rate of inflation.

On the agenda

As the city filed it

This report requests Council authority to adopt a by-law to levy amounts in the 2024 taxation year for colleges and universities, public hospitals, and correctional facilities (the "institutions"), estimated at approximately $19.8 million (annual "Heads and Beds" levy) based on the current legislative rates. A levy of $75 per head or bed has been in effect since 1987. If the rates had been increased to reflect increases in the Consumer Price Index in each year from 1987 to 2024 (such that the 2024 rate would be $177.81 for each full time student, provincially rated bed, or resident place), an additional $27.2 million in tax revenue would be received in 2024.

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This is an issue faced by all Ontario municipalities.

Staff recommended

The Interim Controller recommends that: 1. City Council authorize the levy and collection of amounts for the 2024 taxation year on colleges and universities, public hospitals, and correctional facilities at the prescribed rate of $75 per provincially rated hospital bed, full time student or resident place as authorized by Section 285 of the City of Toronto Act, 2006, to be due on September 5, 2024.

Considered

2024-07-16 · Executive Committee · amended
Decision as filed
The Executive Committee recommends that: 1. City Council authorize the levy and collection of amounts for the 2024 taxation year on colleges and universities, public hospitals, and correctional facilities at the prescribed rate of $75 per provincially rated hospital bed, full time student or resident place as authorized by Section 285 of the City of Toronto Act, 2006, to be due on September 5, 2024. 2. City Council forward
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the Item to the Premier of Ontario and the Ontario Minister of Finance and request the Province to increase the $75.00 levy annually by the rate of inflation.
2024-07-24 · Toronto City Council · adopted

On the record

The item as the City filed it

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