Item - 2023.EC7.2

The Economic and Community Development Committee:

1. Deferred consideration of the item until the November 28, 2023 meeting of the Economic and Community Development Committee.

Toronto Arts Council (TAC) is an independent non-profit organization that delivers grants to artists and arts organizations on behalf of the City of Toronto. Since 1974, TAC has offered innovative and responsive programs, enabling Toronto's creative community to explore, create and thrive. With funding of over $25 million annually, TAC grants lead to exhibitions, performances, readings and workshops seen each year by over 5 million people across the city.

The purpose of this report is to transmit TAC's annual report to the Economic and Community Development Committee, which is required per the terms of the Multi-Year Agreement (the "Agreement") between the City and TAC. The report provides an overview of TAC's activities and grant allocations from January 1 to December 31, 2022.

This report also seeks authority from City Council to extend the City's Agreement with TAC to March 31, 2025. The Agreement sets out the terms and conditions for the use of City funds by TAC and is set to expire on December 31, 2023. An extension of the current Agreement is recommended to allow for the City and TAC to use the forthcoming new Action Plan for Toronto's Culture Sector, scheduled for completion in mid-2024, as the basis to identify shared funding priorities for a new multi-year agreement. Staff will report to Economic and Community Development Committee with recommended terms and conditions for a new agreement prior to the renewed expiry date.