Business Improvement Areas (BIAs) - 2025 Operating Budgets - Report 1

The Business Improvement Area is an association, independently managed from the City and operated by local businesses and property owners, joining together to organize, finance, and deliver capital streetscape improvements, and to promote economic development in a district with its own governance structure as set out in Chapter 19 of the Toronto Municipal Code and the City of Toronto Act, 2006. There are currently 84 established Business Improvement Areas in the City of Toronto, of which 65 Business Improvement Areas 2025 Operating Budgets are submitted for City Council approval through this report. The 2025 Operating Budgets for the remaining 19 Business Improvement Areas will be presented to Council by the second quarter of 2025 once the board-adopted budgets are available. No City funding is required since the financing of individual Business Improvement Area Operating Budgets is raised by a special levy on the rateable commercial and industrial properties within the respective Business Improvement Area boundaries. Under current Chapter 19 of the Toronto Municipal Code, the Business Improvement Areas By-law does not have specific provision requiring a Business Improvement Area maintain a certain amount in their accumulated surplus. Should a Business Improvement Area find itself in a deficit, be dissolved or becomes inactive, City Council has the authority to collect funds required and liabilities including interests, through the Business Improvement Area levy as stipulated under the By-law. If a board is dissolved and the liabilities exceed the assets assumed by the City, Council shall recover the difference. The recommendation in this report reflects the board-adopted 2025 Operating Budgets by the respective Business Improvement Areas' Boards of Management and General Membership. Complete budgets and supporting documentation have been reviewed by City staff to ensure that the 2025 Operating Budgets for Business Improvement Areas reflect Council's approved policies and practices.

Park 161,968 82,695 Bloor West Village 577,447 449,836 Bloor-Yorkville 5,899,239 4,507,910 Broadview Danforth 399,569 328,248 Cabbagetown 739,534 447,784 Chinatown 975,054 599,073 Church-Wellesley Village 500,797 306,689 CityPlace and Fort York 648,461 447,298 College Promenade 263,588 199,114 College West 59,723 23,502 Corso Italia 335,904 260,254 Danforth Village 556,221 298,078 Downtown Yonge 3,888,216 3,101,061 DUKE Heights 7,209,281 3,135,318 Dupont by the Castle 307,373 150,044 Eglinton Hill 94,021 54,904 Fairbank Village 756,798 453,051 Financial District 2,165,385 1,627,111 Forest Hill Village 282,289 196,858 Gerrard India Bazaar 327,873 154,555 Greektown on the Danforth 818,156 566,808 Hillcrest Village 307,024 271,709 Kennedy Road 284,354 256,214 Kensington Market 393,982 240,173 Korea Town 435,222 111,077 Lakeshore Village 201,700 118,821 Lawrence Ingram Keele 244,460 190,040 Leslieville 416,467 199,476 Liberty Village 710,313 440,813 Little Italy 717,005 402,269 Little Portugal Toronto 774,911 414,690 Long Branch 243,927 177,916 Midtown Yonge 238,198 197,540 Mimico by the Lake 75,500 55,394 Mimico Village 48,965 38,493 Mirvish Village 197,849 89,015 Mount Pleasant Village 306,298 256,302 Old Town Toronto 2,042,139 1,583,226 Pape Village 172,235 101,843 Parkdale Village 361,640 234,150 Riverside District 433,915 265,557 Rogers Road 137,431 41,196 Roncesvalles Village 792,501 356,972 Rosedale Main Street 335,118 239,726 Shop The Queensway 212,199 159,518 St. Clair Gardens 167,359 119,546 The Beach 486,447 457,043 The Eglinton Way 575,639 290,037 The Junction 471,489 392,548 The Kingsway 647,492 281,649 The Waterfront 2,547,598 2,240,958 Toronto Downtown West 5,680,011 4,703,904 Upper Village 161,413 148,102 Uptown Yonge 365,270 273,646 West Queen West 406,995 367,109 Wexford Heights 718,378 267,170 Wychwood Heights 78,598 21,572 Yonge + St. Clair 1,392,444 715,271 Yonge Lawrence Village 278,790 247,106 Yonge North York 1,175,207 1,003,664 York-Eglinton 618,825 255,738 Total 53,787,741 36,378,507 2. City Council elect to have the subclasses for the commercial and industrial property classes apply for 2025, and to apply the respective BIA special levy rate reductions to the subclasses, all as set out in Appendix C.