Business Improvement Areas - 2026 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 85 established Business Improvement Areas in the City of Toronto, of which 64 Business Improvement Areas 2026 Operating Budgets are submitted for City Council approval through this report. The 2026 Operating Budgets for the remaining 21 Business Improvement Areas will be presented to Council by the second quarter of 2026 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 2026 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 2026 Operating Budgets for Business Improvement Areas reflect Council's approved policies and practices.

Village BIA 601,007 465,847 Bloor Yorkville BIA 5,869,684 4,689,159 Broadview Danforth BIA 544,962 344,061 Cabbagetown BIA 991,534 447,785 Cedarbrae Markham Lawrence BIA 200,613 150,613 Chinatown BIA 954,673 599,073 CityPlace and Fort York BIA 749,680 447,299 Corso Italia BIA 386,680 268,060 Crossroads of the Danforth BIA 383,581 268,900 Danforth Mosaic BIA 592,248 384,176 Danforth Village BIA 500,942 149,337 Downtown Yonge BIA 4,008,510 3,132,070 DUKE Heights BIA 4,627,050 3,135,318 Dupont by the Castle BIA 217,442 150,056 Eglinton Hill BIA 144,623 92,788 Fairbank Village BIA 625,947 453,050 Financial District BIA 2,174,823 1,902,871 Forest Hill Village BIA 267,177 196,857 Gerrard India Bazaar BIA 432,460 165,620 Greektown on the Danforth BIA 1,791,141 606,484 Harbord Street BIA 36,167 22,121 Hillcrest Village BIA 386,729 285,868 Kennedy Road BIA 284,358 263,288 Kensington Market BIA 317,706 280,664 Lakeshore Village BIA 197,466 118,820 Lawrence Ingram Keele 245,208 190,037 Leslieville BIA 391,845 229,833 Liberty Village BIA 792,644 460,189 Little Italy BIA 752,969 402,239 Little Jamaica BIA 720,691 255,737 Little Portugal Toronto BIA 932,168 429,205 Long Branch BIA 289,650 177,916 Midtown Yonge BIA 297,753 204,471 Mirvish Village BIA 657,206 245,724 Mount Pleasant Village BIA 347,628 265,273 Old Town Toronto BIA 2,191,695 1,628,911 Pape Village BIA 163,087 103,542 Parkdale Village BIA 344,030 250,072 Riverside District BIA 599,362 271,930 Rogers Road BIA 135,415 49,435 Roncesvalles Village BIA 900,698 372,537 Rosedale Main Street BIA 390,671 246,918 St. Clair Gardens BIA 172,746 120,713 The Beach BIA 510,437 470,754 The Eglinton Way BIA 479,891 314,982 The Junction BIA 489,086 404,136 The Kingsway BIA 636,506 289,853 The Waterfront BIA 2,510,761 2,263,367 Toronto Downtown West BIA 6,032,825 4,845,021 Upper Avenue BIA 194,798 178,298 Uptown Yonge BIA 511,471 279,118 Village of Islington BIA 262,882 181,951 West Queen West BIA 417,171 385,574 Weston Village BIA 196,489 146,278 Wexford Heights BIA 729,771 280,529 Wilson Village BIA 526,789 381,129 Wychwood Heights BIA 71,308 20,205 Yonge & St. Clair BIA 1,425,627 750,034 Yonge Lawrence Village BIA 281,157 253,630 Yonge North York BIA 1,166,285 1,053,851 Total 54,861,619 38,102,032 2. City Council elect to have the subclasses for the commercial and industrial property classes apply for 2026, and to apply the respective Business Improvement Area special levy rate reductions to the subclasses, all as set out in Appendix C.