Item - 2025.EX25.20

The Executive Committee recommends that:

1. City Council authorize the levy and collection of amounts for the 2025 taxation year on colleges and universities, public hospitals and correctional facilities at the prescribed rate of $75 per provincially rated hospital bed, full time student or resident place as authorized by Section 285 of the City of Toronto Act, 2006, to be due on September 19, 2025.

2.  City Council request the Province of Ontario update the Heads and Beds Levy on Institutions to the amount of $182.79 per head or bed to reflect inflation from 1987 to the current year of 2025.

This report requests Council authority to adopt a by-law to levy amounts in the 2025 taxation year for colleges and universities, public hospitals, and correctional facilities (the "institutions"), estimated at approximately $20.8 million (annual "Heads and Beds" levy) based on the current legislative rates.

A levy of $75 per head or bed has been in effect since 1987. If the rates had been increased to reflect increases in the Consumer Price Index in each year from 1987 to 2025 (such that the 2025 rate would be $182.79 for each full time student, provincially rated bed, or resident place), an additional $29.9 million in tax revenue would be received in 2025. This is an issue faced by all Ontario municipalities.