Item - 2025.CC26.1

Tracking Status

  • City Council adopted this item on February 5, 2025 without amendments and without debate.

CC26.1 - Business Improvement Areas (BIAs) - 2025 Operating Budgets - Report 1

Decision Type:
ACTION
Status:
Adopted on Consent
Wards:
1 - Etobicoke North, 3 - Etobicoke - Lakeshore, 4 - Parkdale - High Park, 5 - York South - Weston, 6 - York Centre, 7 - Humber River - Black Creek, 8 - Eglinton - Lawrence, 9 - Davenport, 10 - Spadina - Fort York, 11 - University - Rosedale, 12 - Toronto - St. Paul's, 13 - Toronto Centre, 14 - Toronto - Danforth, 15 - Don Valley West, 18 - Willowdale, 19 - Beaches - East York, 21 - Scarborough Centre, 22 - Scarborough - Agincourt

City Council Decision

City Council on February 5, 2025, adopted the following:

 

1. City Council adopt and certify the 2025 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas:

 

Business Improvement Area

   2025 Operating
        Budget ($)

    2025 Levy Funds
        Required ($)

Albion Islington Square

                  317,540

                     187,751

Baby Point Gates

                    78,701

                       65,614

Bayview Leaside

                  228,300

                     206,054

Bloor Annex

                  340,995

                     301,704

Bloor by the 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 Business Improvement Area special levy rate reductions to the subclasses, all as set out in Appendix C to the report (January 28, 2025) from the Chief Financial Officer and Treasurer.

Background Information (City Council)

Report from the Chief Financial Officer and Treasurer on Business Improvement Areas (BIAs) - 2025 Operating Budgets - Report 1 (CC26.1)
https://www.toronto.ca/legdocs/mmis/2025/cc/bgrd/backgroundfile-252683.pdf
Appendix A - Summary of 2025 Operating Budget by Business Improvement Area
https://www.toronto.ca/legdocs/mmis/2025/cc/bgrd/backgroundfile-252684.pdf
Appendix B - Status of Business Improvement Area 2025 Operating Budget Approvals
https://www.toronto.ca/legdocs/mmis/2025/cc/bgrd/backgroundfile-252685.pdf
Appendix C - 2025 BIA Special Levy Rate Reductions for Subclasses
https://www.toronto.ca/legdocs/mmis/2025/cc/bgrd/backgroundfile-252686.pdf
Source: Toronto City Clerk at www.toronto.ca/council