Minutes To be Confirmed

The Budget Committee received the item for information.

The City Manager, and the Chief Financial Officer and Treasurer, gave a presentation on the 2026 Operating and Capital Budgets.

Presentation on the 2026 Operating Budget and 2026 - 2035 Capital Budget and Plan from City Officials.

The Budget Committee:

1. Established four subcommittees to hear public presentation on the 2026 Budget as follows:

Councillor Shelley Carroll recommends that the Budget Committee establish four Subcommittees in order to meet concurrently in two locations, on each of the two days of public presentations scheduled for January 20 and 21, 2026. These Subcommittees will report to the Budget Committee on their activities as part of the 2026 Budget Process.

Announcements

The Chair acknowledged that the Budget Committee was meeting on the traditional territory of many nations including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat peoples and is now home to many diverse First Nations, Inuit and Métis peoples. The Chair also acknowledged that Toronto is covered by Treaty 13 with the Mississaugas of the Credit.

The Chair stated an African Ancestral Acknowledgement: The City of Toronto acknowledges all Treaty peoples, including those who came here as settlers, as migrants, either in this generation or in generations past, and those of us who came here involuntarily, particularly those brought to these lands as a result of the Trans-Atlantic Slave Trade and Slavery. We pay tribute to those ancestors of African origin and descent.

Where the Members of the Budget Committee listed in the attendance for this meeting participated remotely, they were counted for quorum as permitted by Section 189(4.2) of the City of Toronto Act, 2006, and City Council's Procedures.