Item - 2020.EX19.6
Tracking Status
- City Council adopted this item on December 16, 17 and 18, 2020 without amendments and without debate.
- This item was considered by the Executive Committee on December 10, 2020 and adopted without amendment. It will be considered by City Council on December 16, 17 and 18, 2020.
EX19.6 - 2021 Tax Supported Interim Operating and Capital Budget Estimates
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
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.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2020/ex/bgrd/backgroundfile-158976.pdf
EX19.6 - 2021 Tax Supported Interim Operating and Capital Budget Estimates
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
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.
Origin
Summary
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.
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.
Background Information
https://www.toronto.ca/legdocs/mmis/2020/ex/bgrd/backgroundfile-158976.pdf