Jurisdictional Research on Municipal Fiscal Frameworks - by Councillor Lily Cheng, seconded by Mayor Olivia Chow

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

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 request the Chief Financial Officer and Treasurer, in consultation with the City Manager, to conduct jurisdictional research on intergovernmental funding relationships for comparable cities around the world and report back with any findings in advance of the 2025 budget process to inform ongoing intergovernmental discussions regarding municipal fiscal frameworks.

The vote

Adopt Item · Carried, 23-1

Against (1)Stephen Holyday

Absent (1)Paula Fletcher

The whole record, all 25 members

Every name opens that member’s record.

On the agenda

As the city filed it

The City of Toronto generates more than 20 percent of Canada's Gross Domestic Product and 50 percent of Ontario's Gross Domestic Product. Despite our economic strength and contribution, we find ourselves consistently short on resources to fulfill our potential as a world-class city. As the largest city in Canada and the fourth largest city in North America, Toronto has unique challenges and responsibilities that cannot be adequately supported by an operational budget that is primarily built on property taxes.

Show the rest of As the city filed it, 293 more characters as filed

As we advocate for a new fiscal framework or a "new deal", we can learn from world-class cities around the globe. A jurisdictional scan of fiscal frameworks can help us strengthen our advocacy for the support of higher levels of government towards a more robust budget for the city of Toronto.

Staff recommended

Councillor Lily Cheng, seconded by Mayor Olivia Chow, recommends that: 1. City Council request the Chief Financial Officer and Treasurer, in consultation with the City Manager, to conduct jurisdictional research on intergovernmental funding relationships for comparable cities around the world and report back with any findings in advance of the 2025 budget process to inform ongoing intergovernmental discussions regarding municipal fiscal frameworks.

On the record

The item as the City filed it

More from this meeting

The whole meeting