►
Description
City Council, meeting 37, February 12, 2018 - Part 1 of 3 - Morning Session
Agenda and background materials:
http://app.toronto.ca/tmmis/decisionBodyProfile.do?function=doPrepare&meetingId=13089
Part 2 of 3 - Afternoon Session: https://www.youtube.com/watch?v=Rb3fUv7fhSc
Part 3 of 3 - Evening Session: https://www.youtube.com/watch?v=2bel9Z1BQPA
Meeting Navigation:
0:13:00 - Call to order
1:34:54 - Meeting resume
A
B
D
E
A
A
A
We
acknowledge
that
we
are
meeting
today
on
the
traditional
territory
of
the
Mississauga's
of
new
credit,
First
Nation,
the
Hutt
nashoni,
the
Huron
when
that
and
home
to
many
diverse
indigenous
peoples,
for
the
benefit
of
those
who
are
connected
to
the
internet.
The
city
clerk
has
posted
all
of
the
agenda
materials
for
today's
meeting
at
WWDC.
A
/
council.
F
Thank
you,
madam
Speaker.
As
many
of
you
know,
one
of
Toronto's
firefighters,
while
on
vacation
with
family
and
friends,
has
been
missing
in
the
late
placid
area
since
Wednesday
New
York,
State,
Police
and
Olympic
Regional
Development
Authority
have
been
coordinating
the
search
for
Toronto
Fire
captain
Danny
Filipinas
Toronto,
Professional,
Firefighters
Association
has
been
inland
Placid
since
Wednesday
and
have
been
working
very
hard
to
assist
in
the
search
efforts
and
ensure
that
our
people
are
well
cared
for.
F
F
Approximately
a
hundred
off-duty
firefighters,
Toronto,
firefighters,
working
under
the
direction
control
of
the
incident
commander
on
the
scene
on
behalf
of
City
Council
I
wish
to
extend
our
thoughts
and
prayers
to
captain
fire.
Captain
Phillip
ITA's,
his
family
friends
and
colleagues
during
this
very
difficult
time,
and
that
Danny
and
all
members
of
the
rescue
team
returned
safely.
G
Madam
Speaker
I,
just
wanted
to,
in
the
version
of
this
day
in
history,
pointed
out
to
members
of
council
I
believe
haven't
corrected,
saying
that
a
few
years,
a
few
sure
years
ago,
on
this
day,
a
February,
the
12th
one
Francis
no
Giada
was
born,
and
that
that
would
mean
it
would
be
year
would
mean
it
would
be
your
birthday
and
I
joined.
Colleagues.
In
wishing
you
of
many
happy
returns
in
a
very
happy
birthday.
Thank.
A
A
Okay,
this
special
medium
accounts
are
scheduled
for
the
following
purposes:
to
consider
the
executive
committee's
report
from
its
meeting
on
February
6
2018,
to
introduce
in
the
Knox
General
bills
and
to
introduce
an
act
of
confirming
bill
for
the
special
meeting
members
of
council.
This
is
a
special
meeting
under
council
procedures.
No
new
business
items
such
as
notices,
emotions
may
be
introduced.
This
rule
cannot
be
waived.
Our
next
regular
meeting
is
scheduled
to
begin
on.
March
26
members
may
submit
notices.
G
Thank
you
very
much,
madam
Speaker
and
I
would
move
that.
The
report
from
meeting
31
of
the
executive
committee
listed
on
the
agenda
of
council
be
considered
for
approval.
Madam
Speaker,
this
is
the
fourth
and
final
time
this
term
that
council
will
meet
to
debate
the
city's
operating
and
capital
budgets
and
I
believe
that
the
2018
budget,
submitted
by
the
Budget
Committee
and
approved
by
the
executive
committee
to
Council
today
is
a
responsible
proposal
that
continues
to
do
the
right
thing
for
our
residents
in
the
right
way.
G
Let
me
quote
from
Standard
&
Poor's
report
on
the
city's
financial
management
that
affirmed
our
credit
rating
written
in
the
third
year
of
my
administration
and
I
quote.
In
our
view,
the
city
has
adequately
met
the
significant
challenges
it
faces
through
prudent
financial
management
led
by
a
reasonably
cohesive
council
and
experienced
senior
staff.
Close
quote
these
are
substantial
and
important
investments
that
we're
going
to
be
approving
today
and
that
we're
able
to
make
in
the
2018
budget,
because
we
have
saved
money
in
other
areas
of
City
Hall.
G
That's
part
of
the
responsible
valve
balance
that
we
manage
to
strike
again
in
this
year's
budget
and
in
every
budget.
Over
the
last
four
years.
We
make
investments
which
in
turn,
make
the
city
more
livable
and
make
the
city
more
affordable
by
keeping
increases
in
property
taxes
to
the
rate
of
inflation,
and
we
make
government
work
better
by
modernizing
it
and
by
taking
steps
to
deliver
services
more
efficiently.
G
Sensible,
balanced
financial
management
makes
it
possible
for
us
to
be
able
to
hire
more
police
officers
within
a
flatlined
police
budget
to
hire
more
bus
drivers
to
put
in
place
traffic
wardens
to
help
manage
traffic,
to
put
in
place
new
special
constables
to
help
keep
Toronto
Community
Housing
safe
and
to
make
substantial
new
investments
in
shelters.
This
budget
will
finally
give
our
transit
riders
hop-on
hop-off
transfers
a
good
measure
that
will
make
a
positive
difference
in
the
lives
of
people
in
toronto
and
help
local
businesses.
G
The
budget
will
invest
for
the
first
time
in
a
low-income,
a
fare,
equity
transit
pass
that
will
help
people
who
are
struggling
to
be
able
to
use
the
transit
system,
hopefully
to
get
to
opportunity.
The
budget
will
add
20,000
recreation
spaces
to
reduce
waiting
lists
for
city
programs,
helping
more
people
have
access
to
recreation.
The
budget
will
invest
millions
and
millions
of
dollars
in
Toronto
Community
Housing
to
make
sure
that
we
don't
permanently
close
any
housing
units
this
year
and
I.
G
Well,
remember
madam
Speaker,
being
told
over
the
course
of
this
year,
as
we
headed
towards
this
day,
the
approval
of
the
budget
that
there
would
be
hundreds
of
units
that
would
be
closed
and
that
we
will
meet
the
day
of
reckoning
when
it
comes
to
providing
for
the
financial
needs
of
the
Toronto
Housing
Corporation,
especially
as
regards
repairs.
The
budget
will
also
limit
the
annual
property
tax
increase
to
fund
city
operations
to
two
point:
one
percent,
which
is
the
toronto
rate
of
inflation.
G
The
same
one
that's
been
used
in
previous
years,
and
that
is
in
order
to
make
sure
that
we
aren't
making
life
more
unaffordable
for
those
who
foot
the
bill
for
this
budget
and
for
all
of
our
decisions,
especially
the
seniors
and
and
younger
people,
and
those
on
fixed
incomes
who
make
very
precise
calculations
as
to
how
they
can
afford
to
pay
one
of
the
biggest
bills
that
they
get
each
and
every
year,
which
is
their
property
tax
bill.
Madam
Speaker
I've
been
through
enough
budgets
now.
G
This
is
the
fourth
to
know
that
today's
vote
won't
be
unanimous
and
we
will
likely
have
a
spirited
debate,
although
I
hope
it
will
also
be
a
civilized
debate
and
I.
Think
we've
managed
to
do
that
most
of
the
time
over
the
last
number
of
years,
but
that,
indeed,
is
the
magic
of
this
process.
Unlike
at
the
provincial
or
federal
level.
We
work
out
our
budget
here
in
the
open
for
everybody
to
see
in
public,
culminating
in
these
meetings
over
the
next
a
couple
of
days.
G
I
know
we
will
hear
from
some
councillors
who
say
we
shouldn't
make
these
investments
in
services
for
the
people
of
Toronto,
even
though
we
are
keeping
the
level
of
increase
in
property
taxes
down.
Other
members
of
council
will
say
that
we're
not
taxing
and
spending
enough
the
words
austerity
budget
are
used,
but
the
truth
is
madam
Speaker.
We
have,
as
a
council,
kept
taxes
low
and
invested
in
the
services
that
matter
to
people
we
have
done
both
through
that
balanced
responsible
financial
management.
G
Speaker
I
would
like
to
declare
the
following
interest
because
of
my
previously
disclosed
involvement
with
the
Roger's
family
companies
and
I'll
declare
an
interest
in
the
2018
information
and
technology
operating
budget
at
the
Toronto
Police
Services
budget,
the
Toronto
Transit
Commission
budget
and
the
Toronto
communities.
You
have
Toronto
Community
Housing
Corporation
budget,
as
it
pertains
specifically
to
funds
allocated
to
expansion
and
provision
of
telephone,
wireless
internet
and
television
services
and
secondly,
for
the
same
reason
related
to
my
previously
disclosed
involvement
with
the
Roger's
family
companies.
A
F
I
Thank
you
very
much.
I
have
a
petition
from
115
residents
of
a
wonderful
Ward,
21
and
I'll
read
just
a
little
piece
of
it.
It
is
time
to
make
better
choices
and
invest
a
hundred
million
dollars
to
start
making
life
better
for
all
Torontonians.
We
have
to
do
better
and
we
can-
and
it
speaks
then
about
well
I'll,
let
others
because
I
think
others
have
there's
a
similar,
so
I'll,
let
others
read
other
pieces
of
it.
So
I
present
this
from
the
good
residents
of
Ward
21
Thank.
A
J
J
Have
33
petitions
from
Ward
I
have
197
petitions
from
Ward
17,
congratulations:
counselor
flexi,
oh
I
have
83
petitions
from
Ward.
One
I
have
123
petitions
from
Ward
6
councillor
Grimes
I
have
11
petitions
from
Ward
3
I
have
10
petitions
from
Ward
4
I
have
27
petitions
from
Ward
5
and
I
have
a
whopping
800
petitions
from
Ward
26.
Congratulations,
counselor,
Burnside.
J
C
C
Thank
you,
madam
Speaker,
and
happy
birthday,
I'm
sure
you'd
love
to
be
here
with
us
on
your
birthday
rather
than
somewhere
else.
So
I
also
have
petitions
I'm
very
proud
to
stand
and
hand
in
46
sign
petitions
from
Ward
13
and
what
it
says
here
is.
This
would
mean
we
contribute
another
$3
a
week
in
property
taxes,
but
it's
worth
it
for
the
2000
new,
affordable
housing,
a
hundred
thousand
new
child
care
and
all
the
other
items
that
the
other
councillors
have
read
and
we'll
continue
eating's
I'm
very
proud
to
put
these
forward.
Thank
you.
C
B
D
C
Madam
Speaker
I
have
nine
petitions
from
what
42
Scarborough
III
we're
asking
for
the
same
200,
new,
affordable
homes,
thousand
new
childcare
spaces,
action
and
climate
change,
lower
TTC
fares
for
low
income,
riders,
more
decent
jobs
and
employment
programs,
and,
last
but
not
least,
dental
care
for
3,000
seniors.
Thank
you.
Thank.
E
Good
morning
madam
Speaker
and
happy
birthday
to
you,
I
have
a
petition
from
100
residents
of
Ward
43,
which
reads
it
starts
with
Mara
Tory
and
City
Council,
turning
their
promises
of
inaction
into
the
2018
budget
programs
to
help
children
seniors
and
those
in
poverty,
real
action
on
climate
change,
any
black
racism
and
reconciliation,
reliable
transit,
good,
stable
jobs,
affordable
housing
and
childcare.
Thank
you.
Thank.
C
C
Every
year
millions
of
riders
are
waiting
longer
for
overcrowded
TTC
service
and
Toronto
is
already
failing
behind
on
its
2050
climate
change
goals
for
Ward
19
I
have
61,
signed
petitions
for
more
37
43
from
Ward's
30
from
Ward
3557
from
Ward
36:44
from
Ward
38
24
from
war
39
18
from
Ward
40:24
Ward,
41
157
from
Ward
43
and
11
from
Ward's
44
I'm,
also
submitting
58
that
had
incomplete
addresses
and
125
from
out
of
town.
Thank
you.
Thank.
K
Thank
you,
madam
Speaker
lakehouse,
sir
Frank
abacus
I
think
we
can
consider
the
motion
read
by
the
late
arrivals
from
North
York
Ward's
from
Ward
33:18,
more
from
Ward
30
for
30,
more
from
Ward
7,
14,
more
from
Ward,
8,
33
or
1015
for
9
13
board,
11
24,
12,
13,
Ward,
1549,
Ward,
16,
26
or
2333,
more
or
24
17
more
and
from
Ward
25
19.
More.
Thank
you,
madam
Speaker
Thank.
A
C
A
D
Wong
camp
yes
good
morning,
madam
Speaker
and
happy
birthday
to
you
as
well.
I
would
like
to
rise
in
petitions
signed
by
hand
written
and
signed
by
66
residents
in
war
27,
who
are
all
supportive
that
the
Toronto
can
do
a
better
campaign.
I
would
just
add
a
few
words,
because
it's
also
on
the
petition,
but
not
read
by
my
colleagues,
but
specifically
that
the
Toronto
can
do
better
campaign
believe
that
the
2018
budget
is
a
band-aid
budget.
D
The
city
will
complete
only
525,
affordable
rental
units
this
year,
when
we
really
need
a
hundred
thousand
the
218
budget
under
funds,
recreation
services
by
five
point,
four
million
dollars,
which
is
why
we
have
200,000
recreation
program,
spaces
that
need
to
be
filled.
The
city
funds
just
10%
of
what's
needed
to
relieve
overcrowding
on
TTC,
which
means
that
every
year
millions
of
riders
are
waiting
longer
for
over
cried
at
TTC
service.
D
A
The
motion
to
receive
petitions
carries
34
to
two.
We
will
now
review
and
confirm
the
order
paper
once
your
des
paper
has
been
approved
by
council
any
change
when
needed,
two-thirds
vote.
The
mayor
has
identified
item
IX
31.1
on
the
2018
property
tax
rates
and
related
matters
on
his
first
key
item
and
item
e
acts,
31.2
on
the
2018
capital
and
operating
budgets.
As
the
second
key
item
we
are
scheduled
to
meet
until
8:00
p.m.
tonight.
We
will
take
a
scheduled
recess
between
6:00
and
6:30
council
will
reconvene
tomorrow
at
9:30
a.m.
A
if
necessary,
the
city
manager
in
the
deputy
city
manager
and
chief
financial
officer
prepared
to
give
a
presentation
on
the
2018
capital
and
operating
budget
members
will
have
an
opportunity
to
ask
questions
on
each
of
the
items.
When
the
items
come
up
for
debate,
there
will
be
no
step
around
of
questions
on
the
presentation
members.
We
have
three
items
before
us
items.
1
&
2
will
be
debated,
but
does
anyone
wish
to
hold
item
3.
J
J
G
A
To
6
members,
I
am
expecting
that
there
will
be
a
number
of
motions
today
to
ensure
that
members
in
the
public
understand
the
motions
that
are
placed
members
are
reminded
to
work
with
the
city's
city
staff.
To
prepare
your
motions.
This
will
enable
the
clerk
staff
to
display
them.
Members
are
also
reminded
to
state
their
motions
before
they
speak.
Members
staff
are
prepared
to
give
a
single
presentation
on
item
CX,
31.1
NEX
31.2.
Following
the
presentation
we
will
start
the
debate
on
item
IX,
31.1.
M
Do
want
to
echo
the
mayor
and
and
express
appreciation
to
city
staff
and
also
to
councillor
Crawford
and
City
Budget
Committee
for
a
tremendous
amount
of
work
in
bringing
us
to
this
to
this
point.
These
are
long
complicated
processes
that
are
undertaken
with
a
great
deal
of
enthusiasm
and
energy
and
city
staff
are
completely
committed
to
ensuring
full
transparency
and
and
providing
the
appropriated
information
for
full
decision-making
by
this
council.
On
page
four.
A
A
M
M
Thanks
so
much
on
page
four,
then
I'm
going
to
start
in
the
upper
left
hand
box
and
just
talk
about
where
we
started
from
a
staff
perspective
with
the
preliminary
budget
that
was
launched
late
last
year.
As
always,
staff
attempted
to
put
together
a
budget
was
consoling
consistent
with
council
expectations,
as
we
understood
them
at
that
point,
and
also
consistent
with
the
policy
and
fiscal
directions
established
by
the
agencies
that
have
delegated
financial
authorities.
M
That
meant
that
we
provided
a
budget
at
the
launch
with
service
levels
that
were
completely
consistent
with
what
they
were
in
prior
years.
No
reservists
reductions
at
all,
we
presumed
a
residential
property
tax
increase
at
the
rate
of
inflation
for
calculation
purposes.
The
TTC
had
indicated
no
fare
increase.
M
They
were
shelter,
demand
and
particularly
prior
year,
decisions
associated
with
the
incorporation
of
the
new
expenditures,
the
new
operating
expenditures
associated
with
the
Toronto
York
subway
extension
and,
of
course,
a
primary
driver
and
we'll
talk
about
it
a
little
bit
later
as
debt
service
and
costs
as
well
but
effectively,
the
budget
was
as
flat
as
it
could
be,
starting
in
the
the
preliminary
budget.
The
budget
was
able
to
achieve
that
positive.
That
modest
three
point:
seven
million
dollars
worth
of
positive
variance,
essentially
as
a
function
of
the
very
significant
role
of
expenditure
constraint.
M
I
just
spoke
of
earlier
and
very
strong
revenue
support
with
85
million
dollars
worth
of
land
transfer
tax
rolling
in
over
the
trans.
In
order
to
support
the
the
preliminary
budget
and
quite
strong
assessment
growth,
255
million
dollars
as
well,
we
were
able
to
put
together
a
budget
using
some
short
term
measures
and
those
short
term
measures
were
recommended
by
their
respective
agencies.
M
Toronto
Community,
Housing
recommended
a
short
term,
bridging
strategy
of
18
million
dollars
being
deferred
operating
pressure
being
deferred
to
2020,
and
similarly,
the
TTC
indicated
in
their
budget
presentation
that
they
would
prefer
to
take
out
14
million
dollars
worth
of
the
TTC
Stabilization
Reserve
draw
those
were
the
primary
store
term
measures
associated
with
a
staff
Clemen
Airy
budget.
There
was
a
fairly
significant
increase
in
capital
expense
that
allowed
for
some
frankly
important
progress
in
the
capital
budget.
M
That
was
a
function
of
two
things:
they're
very
hard
work
by
city
staff
led
by
Josie
la
Vida,
but
also
the
operating
staff,
to
make
sure
that
cash
flows
were
more
closely
aligned
with
the
actual
program
expectation
so
effectively.
We
still
expect
the
program
to
cost
as
much,
but
we're
able
to
smooth
the
cash
flow
a
little
bit
push
it
towards
the
back
end
that
allowed
for
some
additional
incremental
expense.
M
M
The
bulk
of
that
relates
to
poverty
reduction,
along
with
an
amount
you'll
see
in
the
middle
bullet
there
for
transit
improvements
and
safe
mobility,
quite
modest,
expend
revenue
offsets
associated
with
that
about
four
point:
five:
five
point:
five
excuse
me
million
dollars
in
vacancy
rebate
savings
and
about
a
million
dollars
and
offsets
from
the
office
of
the
Auditor
General.
The
overall
expenditure
picture
is
then,
on
page
six
and
you'll,
see
that
that
0.8%
expense,
that
was
in
the
staff
budget,
has
been
increased
overall
in
terms
of
net
operating
expense
to
2.1
percent.
M
That's
consistent
with
the
rate
of
inflation,
so
the
executive
committee
budget
is
essentially
neutral
in
terms
of
the
overall
rate
of
inflation
in
terms
of
direct
service
delivery.
0.8
grows
to
2.1
from
the
the
recommendations
from
budget
committee.
Capital
financing
is
a
significant
driver
of
expense,
and
there
are
two
parts
associated
with
that
in
the
presentation.
The
first
is
capital
from
current,
which
by
counsel
policies
continues
to
grow,
there's
a
fairly
significant
pressure
of
year-over-year
increase
of
62
million
dollars
on
the
operating
side
growing
at
a
rate
of
20
percent.
M
Ultimately,
council
may
wish
to
consider
whether
or
not
this
is
a
sustainable
policy.
My
recommendation
is:
that
is
something
the
council
will
want
to
take.
A
look
at
the
other
primary
expense
drive
on
the
capital.
Financing
side
is,
of
course,
debt,
and
this
is
simply
paying
for
what
has
already
been
bought
by
by
City
Council.
So,
overall,
the
net
total
budget
increases
in
a
blended
rate
by
3.2
percent.
M
Overall,
if
I
can
go
to
page
7
on
the
revenue
side,
there
have
been
a
couple
of
changes
since
the
preliminary
budget
and
in
fact,
land
transfer
tax
has
continued
to
increase
strongly
through
that
period.
So
land
transfer
tax
is
increased
by
a
further
ten
million
dollars.
Now
95
now,
95
million
dollars
assessment
growth
continued
to
increase
in
the
period
of
time
between
the
staff
budget
or
preliminary
budget,
and
the
executive
committee
consideration
and
a
modest
increase
in
terms
of
tax
penalty
revenue
as
well.
M
Budget
Committee,
though,
despite
the
quite
high
revenue
growth
associated
with
that
budget
committee,
has
recommended
to
this
committee
that
there
be
additional
reserve
draws
of
11
million
dollars
from
the
shelter's
reserve
fund
and
a
further
14
million
dollars
from
the
tax
rate,
Stabilization
Fund
and
a
one-time
further
one-time
dividend
of
3.4
million
dollars
from
Toronto
parking
authority.
The
overall
revenue
picture
is
shown
on
slide
8
and
you'll
see
that
that
the
largest
source
of
new
revenue
is
land
transfer
tax.
That
is
not
required.
M
Decision
by
Council
that
has
been
driven
by
the
sustained
increases
in
the
property
market,
a
number
of
you
will
have
seen
that
the
property
market
was
soft
through
some
parts
of
last
year.
In
fact,
we
did
see
some
changes
in
terms
of
the
residential
property
market,
but
the
commercial
property
market,
and
particularly
the
pattern
of
closures
associated
with
with
the
commercial
property
market.
M
Provincial
funding,
as
well
significant
increase
on
the
order
of
90
million
dollars
coming
from
the
province,
essentially,
a
function
of
incremental
spending
from
the
province
on
services,
housing
and
the
final
year
of
provincial
up
loads
as
well.
The
total
incremental
property
tax
assessment
growth
was
68
million
dollars,
taking
the
preliminary
and
the
inter
and
the
other
numbers
all
together.
Property
tax
increase
at
two
point:
one
percent
is
61
million
dollars.
User
fees
and
permits
are
relatively
modest
this
year,
affecting
essentially
the
the
decision
of
the
TTC
board
to
forego
a
TTC
increase
this
year.
M
Other
increases
come
in
at
61
million
dollars,
sixty
five
million
dollars.
The
only
policy
decision
that
really
is
driving,
that
is,
the
incremental
hotel
cost.
The
rest
is
essentially
doing
a
little
bit
better
than
we
then
we
had
previously
anticipated
on
investment
income,
but
that's
essentially
the
revenue
picture
as
well.
M
The
vast
majority
of
the
increase
being
driven
by
non
policy
factors
or
the
sustained
land
transfer
tax
increase
associated
with
the
property
tax
page
eight
then
associated
with
municipal
transfer
tax
delves
into
that
a
little
bit
further
and
talks
about
how
the
practice,
consistent
with
the
last
with
a
number
of
other
years
in
terms
of
taking
the
full
increase
of
the
land
transfer
tax.
Applying
it
to
this
year's
budget.
I'll
speak
about
this
a
little
bit
later,
but
what
we
have
is
a
a
revenue
source
that
does
have
the
potential
to
be
cyclical.
M
M
I
M
This
budget
means
on
a
looking
ahead
basis
and
council
will
be
well
used
to
the
relatively
high
numbers
we
show
for
2018
and
2019
and
2020
as
incremental
pressures.
The
reality
is
that
those
numbers
are
generally
worked
down
through
the
course
of
of
the
year.
In
general,
the
expense
pressures
are
moderately
overstated
and
council
direction,
and
then
implementation
by
city
staff
with
a
very
hard
work
of
agencies
as
well,
tends
to
work.
M
Those
numbers
down
I
think
the
the
more
pressing
challenges
will
be
in
terms
of
of
the
revenue
piece
and
I
want
to
speak
to
three
kind
of
sets
of
risks
associated
with
with
this
year's
budget.
The
first
is
that
that
land
transfer
tax
we've
baked,
we
pulled
in
the
full
amount
associated
with
that
land
transfer
tax
goes
down.
It
will
be
a
very
challenging
year.
The
reason
that
2018
works
is
because
land
transfer
tax
has
increased
if
land
transfer
tax
simply
stays
constant.
M
So
if
we
look
back
if
land
transfer
tax
had
not
increased
by
a
hundred
million
dollars,
this
would
be
a
much
different
budget
so
effectively.
This
budget,
as
2016-2017,
continues
to
count
on
an
implicit
assumption
that
land
transfer
tax
will
continue
to
will
continue
to
grow
as
well.
This
year
does
draw
down
on
the
tax
stabilization
funds.
M
Those
tax
stabilization
funds
are
relatively
modest
compared
to
the
original
target
that
was
set
for
the
city
budget
a
number
of
years
ago,
and
that
target
in
itself
was
set
at
a
period
in
time
when
the
city
was
not
relying
on
a
potentially
cyclical
land
transfer
tax.
The
other
piece
is
that
a
number
of
the
measures
that
are
in
front
of
you
today
are
expense
measures
that
we
would
expect
to
be
permanent,
that
we
would
expect
to
recur
in
the
budget.
M
The
offsets
are
one-time
and
that
will
require
additional
decision-making
to
balance
those
in
2019
and
2020
as
well.
I
want
to
be
very
clear
on
the
next
slide
that
these
are
not
risks
associated
with
the
core
creditworthiness
of
the
city
of
Toronto.
As
the
mayor
indicated
and
as
we
feel
very
comfortable
and
frankly,
very
proud,
the
city
of
Toronto
is
a
fantastic
credit
risk.
We
continue
to
be
a
well-managed
organization.
I'll
speak
to
that
in
just
in
just
a
moment.
The
risk
is
effectively
the
need
for.
M
M
This
will
be
an
impact
on
services
or
property
or
other
tax
rates,
not
on
the
core
fiscal
stability
of
the
City
of
Toronto.
The
city
remains
very
well-managed.
The
decisions
in
front
of
you
are
not
with
respect
to
our
core.
Creditworthiness
I
believe
that
I
remain
entirely
confident
that
there
to
the
relative
mix
of
tax
and
expenditures
and,
frankly,
to
the
level
of
risk.
This
counts.
Council
is
comfortable
taking
in
its
last
year,
as
it
looks
forward
to
an
election
and
a
new
council.
M
I
really
won't
talk
anything
more
about
page
11
other
than
you
know
this.
There
is
a
structural
gap
that
structural
gap
is
effectively
balanced
or
mediated
by
land
transfer.
Tax
land
transfer
tax
fails
to
materially
materialize.
At
the
rate
it
has
been
increasing,
then
that
structural
gap
will
be
apparent
and
will
require
some
permanent
solutions
to
address
the
only
ways
that
are
practical
to
deal
with,
that
are
an
increase
in
revenues
or
lowering
the
rate
of
expenditure.
M
I
want
to
turn
now
to
a
couple
of
slides
that
that
talk
about
the
overall
budget
and
put
that
overall
budget
in
context
and
page
12
simply
shows
the
the
overall
budget
adjusted
for
inflation
and
population
growth
or
number
of
people
in
the
cities
in
the
city
overall,
and
shows
that
that,
in
fact,
the
city
is
very
well
and
tightly
managed
and
in
fact
there
is
no
basis
of
it
for
a
claim
that
city
expenditures
are
growing
rapidly
or
in
any
way
out
of
control.
They
are
in
fact,
when
adjusted
for
inflation
and
population
growth.
M
Despite
the
myriad
service
increases,
thats
council
has
advocated
over
the
last
number
of
years,
actually
a
little
bit
lower.
So
this
council
should
be
very
proud
and
comfortable
that
we
have
in
fact
been
able
to
increase
expenditures.
Increased
productivity
get
more
out
of
effectively
less
expenditure
over
the
last
eight
years
and
again
in
terms
of
the
overall
affordability
of
the
budget.
On
page
13,
you'll
see
that
City
revenues
as
a
share
of
GDP
effectively
how
much
the
city
costs
the
economy
down
a
little
bit
over
a
period
of
time.
M
That's
despite
significant
increases
in
service
levels
and
a
number
of
reinvestments
that
this
council
has
made
over
the
last
number
of
years.
So
city
council
should,
in
my
view,
feel
comfortable
that
the
city
budget
is
very
tightly
managed
and
well
under
control,
and,
finally,
just
to
put
all
of
that
in
context
on
page
14.
The
rate
programs
are
not
in
front
of
you
today,
but
to
give
you
a
sense
of
the
overall
footprint
of
this
council
and
I
think
it
is
important
to
kind
of
understand
that
overall,
the
city
budget
is
a
big
place.
M
The
total
budget
is
slightly
shy
of
13
million
dollars
billion
dollars.
Excuse
me,
the
slides
I
showed
on
the
previous
pages,
actually
bring
all
of
that
into
into
play,
so
you
can
see
that
that
third
billion
dollars
well
very
significant
is
in
fact,
when
adjusted
for
inflation
and
population
growth
consistent
with
the
pattern
of
prior
years.
M
N
Thank
you
Peter,
madam
Speaker
I
just
have
a
handful
of
slides
that
will
focus
essentially
on
the
revenue
equation
and
most
particularly
property
taxation,
so
the
city
funds
its
operating
budget
through
projected
revenues
of
roughly
thirteen
billion
dollars.
Most
of
this
revenue
is
either
already
been
largely
set
through
council
policy
or
is
not
really
within
the
control
of
the
city,
such
as,
for
example,
federal,
provincial
transfer
payments
and
the
bar
graph
that
you
see
before
you
working
from
top
down.
N
We
see
that
rates
have
already
been
set
largely
through
the
adoption
of
the
water
and
solid
waste
budgets.
A
couple
of
months
ago,
TTC
fares
have
been
debated
and
adopted
by
the
TTC
board,
and
fares
for
2018
are
set
to
be
frozen.
User
fees
have
largely
been
optimized
by
City
Council,
including
annual
escalation,
which
is
baked
already
into
the
city
budget.
That's
before
you
federal
and
provincial
transfers,
most
notably
provincial
transfer
payments
accounting
for
about
ninety
four
percent
of
total
transfer
payments
have
been
already
set
through
provincial
and
federal
program
parameters.
N
Reserves
both
program
as
well
as
operating,
have
been
optimized
by
city
staff.
Other
revenues,
such
as
investment
income
and
the
accommodation
attacks
that
was
recently
adopted
by
council
have
have
been
already
adopted
through
council
policies
included
also
in
in
the
other
revenue
item
is
the
dividends
that
we
get
from
Toronto
Hydro,
as
well
as
as
well
as
a
truant
of
parking
authority.
N
These
have
been
largely
set
again
through
council
adoption
of
dividend
policies
in
2017
land
transfer,
tax
accounting
for
almost
800
million
dollars,
is
truly
subject
to
exogenously
real
estate
market
and
we're
entirely
entirely
dependent
on
that
market
in
terms
of
revenue
yield.
So
we're
left
really
with
the
largest
single
source
of
revenue,
which
is
property
taxation,
and
it
currently
accounts
for
about
four
point:
one
seven
billion
dollars
of
the
overall
budget.
N
Moving
to
the
next
slide
in
Toronto,
like
most
other
municipalities,
we
really
have
four
major
property
tax
classes
and
the
proposed
tax
rate
for
each
class
is
outlined
in
the
slide.
The
residential
rate
that's
contemplated
in
the
budget
is
an
increase
of
2.1
percent,
largely
in
line
with
the
inflation
rate
that
the
city
of
toronto
faced
over
the
course
of
the
last
12
months
with
respect
to
the
multi
residential
tax
class.
These
are
high-rise
apartment,
rental
buildings.
N
The
province
implemented
a
regulation
last
year
that
freezes
those
tax
ratios,
so
in
effect,
City
Council
is
not
able
to
pass
on
any
kind
of
tax
burden
on
to
that
sector.
With
respect
to
the
other
two
classes.
These
are
the
commercial
and
industrial
class
through
Council
adopted
policies.
The
rates
are
set
to
increase
on
the
commercial
side
by
1.4
7
percent
on
the
industrial
side
by
0.7
percent.
So
this
reflects
the
impact
of
the
budget.
There
are,
however,
other
implications
which
are
identified
in
subsequent
slides,
so
speaker
impact.
N
N
In
effect,
if
property
tax
class
appreciated
at
a
higher
rate
than
that
average
that
citywide
average,
then
it
attracts
additional
taxation
if
it
appreciated
that
a
lower
rate
than
the
average
it
faces,
a
decrease
and
most
particularly
on
this
slide,
you'll
notice,
multi
residential-
these
are
apartment
rental
buildings
would
have
faced
increases
considerably
increases
as
a
result
of
that
reassessment,
but
for
the
provincial
intervention
in
terms
of
capping,
capping
the
tax
liabilities
with
respect
to
the
next
slide.
Probably
this
is
the
most
important
slide
with
respect
to
tax
policy.
N
The
area
that's
highlighted
in
yellow
illustrates
for
you
the
impact
of
the
proposed
budget.
Moving
from
left
to
right
Council
last
year,
adopted
50
basis
points.
That's
a
half
a
percentage
point
increase
to
deal
with
city
building
initiatives.
There
are
CVA
and
regulatory
impacts
that
are
provided
in
the
in
the
column
under
CV,
a
regulatory
as
well
as
policy
implications
that
council
previously
adopted
in
terms
of
shifting
or
reducing
the
tax
burdens.
N
On
commercial
industrial
properties
on
to
the
residential
sector,
so
in
total,
when
one
looks
at
the
cumulative
implications
of
all
of
these
policies,
you'll
see
that
the
residential
class
on
average
will
face
an
increase
of
roughly
two
point.
Nine
one
percent,
multi-residential
dit
from
any
increases
commercial
will
face
an
increase
of
two
point:
five,
six
percent:
the
industrial
class
will
see
a
modest
decrease
and
will
see
an
overall
levy
across
all
classes
of
two
point.
N
Three
seven
percent
this
next
bar
chart
illustrates
for
you
what
I
just
said
again:
hate
to
repeat
it,
but
the
cumulative
impact
of
the
policy
regulatory
as
well
as
budget
implications
on
the
tax,
translates
into
a
2.9
percent
increase
on
the
average
residential
homeowner
and
a
citywide
increase
of
2.3
7%,
with
respect
to
how
we're
doing
in
terms
of
the
enhancing
Toronto
business
climate
policy.
This
graph
illustrates
for
you
the
the
progress
that
has
been
made
on
that
front.
N
You'll
see
that
in
2009,
when
council
initiated
this
policy,
commercial,
industrial
properties
faced
increases
of
tax
rates
of
roughly
3
and
a
half
times
the
size
of
the
residential
burden,
and
that
has
been
gradually
decreasing
over
time
so
that
in
2018
you'll
notice
that
the
small
business
tax
class
ratio
is
now
2
and
a
half
actually
below
two
and
a
half
two
point.
Four
times
the
residential
rate.
Significant
progress
has
been
made
on
that
front.
Multi
residential
again
is
below
well
below
the
target
of
2.5.
N
In
fact,
that
target
was
established
by
Council
to
be
at
2020
to
reach
the
2.5
target
by
2020.
We
were
in
fact
reaching
it
2
years
sooner,
so
those
are
really
great
accomplishments
from
a
from
an
equity
as
well
as
a
competitive
perspective.
With
respect
to
the
next
slide
illustrates
for
you,
the
impact
on
the
average
residential
homeowner
in
2017
that
homeowner
faced
a
tax
liability
of
property
tax
liability
of
twenty
eight
hundred
and
twenty
five
dollars.
N
Finally,
madam
Speaker,
this
slide
illustrates
how
much
an
average
homeowner
will
pay
for
the
different
programs
and
services
that
the
city
provides.
You'll
see
that
roughly
eighty
percent
of
the
tax
burden
is
intended
to
fund
six
programs,
namely
police,
TTC
debt
charges,
fire
Parks
and
Rec
and
TC
HC.
N
B
B
Thanks
Joe
good
morning,
madam
Speaker
members
of
council
and
colleagues,
so
my
role
now
is
really
to
give
you
some
visuals
on
the
operating
capital
budget.
Some
of
the
points
that
Peter
has
spoken
about
in
terms
of
the
highlights
of
what's
in
this
budget
and
I'll
start
with
the
preliminary
budget
that
we
launched
on
November
30th,
because
that
is
the
budget
that
we
use
as
the
basis
for
the
elected
official
review
and
since
we've
been
gone
from
that
point
to
here,
we've
been
building
on
that
budget.
B
So
when
we
launched
the
budget,
we
had
assumed
a
four
hundred.
Ninety
nine
million
dollar
forecast
of
a
pressure
for
2018
when
all
the
submissions
came
in.
It
was
actually
five
hundred
and
ten
million,
but
when
we
launched
the
budget
and
we
actually
had
closed
the
gap
and
what
this
slide
shows,
you
is
really
the
different
strategies
that
we
used
essentially
about.
34
percent
of
it
comes
from
expenditure
reduction
strategies.
B
You
have
a
list
there
of
some
of
the
measures,
but
what
it
really
does
reflect
is
a
true
collaboration
of
all
the
work
that
staff
did
together
through
the
city
divisions
and
our
agencies.
We
have
some
bridging
strategies
that
we
had
presented
mostly
coming
from
some
deferrals
for
the
TCH
see
we
had
some
items
before
us
from
the
prior
year
budget.
The
sinking
fund
amount
in
particular,
which
we
are
deferring
to
2020
and
some
one-time
expenses
that
are
built
into
that.
B
But
when
you
see
all
the
other
components,
essentially
its
revenues
of
about
56%
that
help
us
balance
this
budget,
some
of
them
are
revenues
that
are
program
based
like
increases
in
user
fees.
It's
also
the
last
year
of
the
upload
from
the
province.
So
there
was
22
million
dollars
of
additional
provincial
funding.
There's
no
TTC
fare
increase
that
was
included
in
this
budget
and
that
continues
to
the
budget.
B
That's
before
you,
but
primarily
our
strong
revenue,
growth
from
assessment,
our
22.1%
tax
rate
increase
and
our
land
transfer
tax,
as
Peter
has
described,
really
helped
fill
the
gap
for
this
year.
The
next
slide
shows
you
residually.
When
we
launched
the
budget,
what
the
increase
was,
you
can
see
on
your
right-hand
side,
our
expenditure
drivers
we're
almost
310
million,
primarily
from
things
that
were
external
to
the
city
in
terms
of
our
ability
to
manage
and
adjust
primarily
the
shelter
demand
pressures
that
we
saw
coming
into
2018
and
then
subsequently,
through.
B
So
the
next
slide
I'd
like
to
just
take
a
minute
on
this,
so
that
council
and
the
public
understand
what
this
budget
does
in
terms
of
its
investments
for
Toronto
Community,
Housing
Corporation.
So
I
just
like
to
remind
you
that
back
in
2017
we
had
a
hundred
million
dollar
pressure
portion
of
it
was
for
the
base
budget,
31
million,
which
we
funded
fully.
We
also
added
another
six
million
in
that
year
to
help
fund
the
ongoing
work
in
some
of
the
revitalization
projects.
B
B
This
year
we
were
tasked
to
look
at
coming
forward
with
a
two-year
interim
capital
funding
program
for
state
of
good
repair,
as
may
be
had
heard
some
of
the
closures
that
had
happened,
we
needed
to
ensure
that
that
could
be
prevented
and
provide
really
a
bridging,
a
bridging
strategy
for
TC
HC.
Until
such
time
as
the
tenants
first
strategy
can
be
fully
implemented,
so
what
this
budget
does
is
actually
invest:
279
million
dollars
on
the
capital
side
and
provides
funding
for
two
years
for
state
of
good
repair
and
to
continue
work.
B
That's
happening
in
existing
in-flight
revitalization
projects,
that's
actually
being
cost
shared
with
the
province.
We've
received,
eighty
million
dollars
from
them
so
far
and
they're
contributing
a
whole,
a
total
of
120
million,
all
of
which
we
will
see
in
the
19
budget,
and
you
have
before
you
a
policy
decision
recommendation
29
in
your
report
that
asks
Council
for
the
first
time
to
consider
capital
as
a
direct
contribution.
B
Sorry,
as
a
direct
contribution
to
TC
HC
and
with
those
with
that
decision,
then
we
have
taken
in
these
two
years
into
our
capital
plan
to
fund
those
programs,
and
by
doing
so
we
will
prevent
any
additional
permanent
closures
for
TC
HC.
Okay
next
slide.
So
the
next
slide
is
a
series
of
numbers
that
tell
the
story
of
what
actions
were
taken
both
at
Budget,
Committee
and
executive
committee.
So
based
on
budget
committees,
deliberations
and
then
subsequently
executive
committee's
deliberations.
We
have
included
in
this
budget,
that's
before
you
significant
investments
in
new
and
enhanced
services.
C
A
A
A
A
C
B
B
So
we
had
some
reductions
in
the
base,
including
honoring
the
request
of
council
to
hold
back
five
and
a
half
million
dollars
from
the
vacancy
rebate,
savings
to
help
fund
poverty
reduction
initiatives
and
initiatives
for
distressed
retail,
and
then
at
the
budget
committee
there
was
about
123
million
gross
and
53
million
dollars.
I've
recommended
neun
investments
which
I'll
discuss
in
a
few
moments.
The
next
group
shows
the
revenue
increases
that
were
used
to
help
offset
those
those
added
costs
which
include,
of
course,
a
draw
from
the.
B
Sorry
that
we
increase
the
land
transfer
tax
by
10
million
to
reflect
total
actual
experience
for
2017.
We
had
some
revised
estimates
in
our
tax
penalty,
as
well
as
receiving
funds
from
the
parking
authority
on
a
one-time
basis.
And
finally,
we
drew,
from
the
tax
rate
stabilization
reserve,
an
executive
committee.
There
was
an
amendment
to
the
Children's
Services
budget
and
receiving
additional
provincial
funding,
an
incremental
amount
given
to
fire
services
to
establish
TCH,
C
fires
task
force
and
though
that
particular
expense
was
funded
from
the
tax
Stabilization
Reserve.
B
When
you
add
to
that,
the
preliminary
variance
that
we
had
provided
that
positive
variance,
plus
the
final
assessment
growth
estimates,
the
budget
was
brought
forward
with
that
increase.
So
the
budget
you
have
before
you
today
on
slide
30
in
total
for
the
city
for
all
city
service
delivery
is
just
under
13
billion
dollars
and
the
poet
we've
already
dealt
with
the
rape
budget,
which
reflects
14%
of
the
total
budget.
So
the
budget
here
at
86%
is
equal
to
11
point
1
1
billion,
so
the
magic
number
is
1111
next
slide.
B
So
this
is
just
a
visual
to
show
you
where
the
money
comes
from
and
where
the
money
is
going
really
would
we
look
at
where
the
money
comes
from?
The
profiling
is
very
similar
to
2017
on
the
expenditure
side,
that
qu
is
very
similar
to
2017
allocation,
the
one
difference
being
that
our
capital
corporate
financing
has
gone
up
by
about
1%
as
we've
added
113
million
between
debt
servicing
costs
and
an
increase
from
our
capital
from
current.
The
only
other
new
add
to
this
budget
is
a
first
in
which
we
now
have
a
new
agency.
B
B
When
we
think
about
the
operating
budget,
it
is
primarily
for
direct
service
delivery,
but
about
a
billion
dollars
is
in
this
budget
to
fund
our
capital
program.
Most
of
it,
as
you
can
see
from
this
slide
comes,
is
in
the
form
of
capital
financing,
either
the
debt
servicing
costs
for
borrowing,
as
well
as
our
pay-as-you-go
or
capital.
B
From
current
funding
that
is
placed
in
the
budget
annually
to
help
mitigate
against
the
debt,
but
the
last
part
of
this,
of
course,
is
what
we
call
the
operating
impact
of
capital
or
the
funding
that's
required
when
those
capital
projects
are
complete
and
you
either
need
to
program
the
new
facility,
maintain
them
in
infrastructure
or
sustain
the
new
technology,
and
so
in
total.
What
we
see
in
this
budget
is
just
about
9%
or
a
billion
dollars,
and
these
amounts
will
continue
to
grow
as
we
continue
with
a
significant
level
of
program
capital
program
activity.
B
So
the
next
slide
is
a
visual
that
gives
you
a
sense
of
scope
and
scale
in
terms
of
the
different
investments
that
have
been
made
in
this
budget.
You
can
see
to
your
left,
essentially,
is
the
the
highest
level
of
funding.
It's
111
point.
6
million
that's
been
invested.
These
are
the
gross
expenditures
for
poverty
reduction,
primarily
going
to
our
child
care,
growth
and
shelter
expansion.
So
what
this
budget
has
in
it
is
a
base
budget
of
fit
of
an
18
million
dollar
investment.
B
So
in
total,
we'll
be
seeing
in
our
capital
plan
about
a
hundred
and
eighty
million
to
actually
acquire
the
new
sites
and
in
our
operating
budget
for
eighteen
funding
to
actually
open
three
of
them.
Over
and
above
the
existing
activities
that
are
going
on
in
the
program
for
three
sites
for
George,
Street,
revitalization
and
other
openings,
they
have
a
key
area
to
to.
I
dead
the
nine
point:
three
million
dollars,
an
investment
for
advancing
environmental
sustainability,
transform
teo,
as
many
people
have
identified
in
the
past.
B
Response
on
expressways
you
have
attached,
G
or
believe
that
has
been
circulated
is
a
list
by
each
of
these
program
areas
in
terms
of
all
the
investments
that
are
being
made
in
each
of
these
areas
that
have
been
identified
on
this
slide.
So
in
order
to
deliver
service,
there's
additional
staff
they're
required.
The
next
two
slides
highlight
that
the
first
one
is
for
service
delivery,
and
so
what
this
budget
does
is
bring
forward
recommendation
to
add
a
total
of
220
1.7
additional
staff.
B
As
you
can
see
by
the
red
in
the
circles
about
four
columns
to
the
right,
we
actually
have
a
reduction
the
base,
as
we
look
at
efficiencies
and
other
measures
that
help
to
look
at
adjusting
some
of
the
compliment
for
service
delivery
and
then
we've
added
to
ensure
that
the
investments
that
are
being
made
can
actually
be
delivered
next
slide.
In
addition
to
service
delivery,
we
also
have
capital
project
delivery
positions.
B
B
Okay,
I'd
like
to
spend
a
couple
of
minutes
on
a
couple
key
issues
that
I
believe
you
know
the
city
manager
has
highlighted,
and
the
first
is
on
our
land
transfer
tax.
So
this
slide
really
shows
you
from
its
inception
the
land
transfer
tax
revenue
trend
that
we
have
seen
both
on
the
budgeted
side
and
on
the
actual
side,
and
in
the
last
really
three
years.
The
practice
as
Peter
has
mentioned
was
to
match
our
actual
expenditures
to
the
following
year's
budget.
B
Prior
to
that
we
tried
to
budget
about
90
percent,
but
with
the
growth,
it
became
quite
clear
that
we
needed
to
maximize
those
those
revenues
in
the
budget.
What
the
land
transfer
tax
value
has
built
into
it,
of
course,
is
about.
40
million
is
forty
million
dollars
that
we
first
send
to
the
capital
budget
and
the
balance
into
the
operating
budget.
For
this
purpose
in
2018,
the
land
transfer
tax
represents
about
seven
of
our
revenue
back
in
2013.
It
was
about
three
and
a
half
percent,
so
we've
seen
the
doubling
their
going
forward.
B
We
are
projecting
a
zero
percent
increase
in
terms
of
being
prudent
understanding
that
the
that
the
markets
a
little
bit
uncertain
at
this
moment
due
to
economic
and
legislative
changes,
we
thought
to
be
prudent
to
move
forward
on
the
basis
that
there
is
no
increase,
but
so
far
in
January.
What
we've
seen
is
that
land
transfer
tax
revenues
are
on
track
with
what
we
had
planned
next
slide.
So
the
other
area
that
council
should
be
aware
of
are
the
bridging
strategies
or
one-time
measures
that
are
built
into
this
budget
in
2018.
B
B
So,
finally,
Joe
showed
you
a
slide
to
indicate
what
the
average
taxpayer
would
be
paying
and
for
which
services
and
what
this
slide
does
is
just
compare
this
year's
version
to
last
year's
version
and
what
we're
seeing
are
some
increases
in
some
key
areas.
Ttc,
of
course,
has
an
increase
both
from
the
bay
on
this
base
budget,
as
well
as
reflective
of
some
of
the
investments
that
have
there
being
recommended
in
this
budget
debt,
fire
services
and
our
shelter,
support
and
housing.
What's
going
down?
Is
our
Tron
employment,
social
services
budget?
B
B
Now
the
Toronto
Community
Housing
Corporation,
which
has
been
extracted
out
of
out
of
this
budget,
so
you
can
see
its
contribution
and
the
extent
to
which
taxpayers
are
paying
for
the
value
that
we
contribute
to
them,
and
so
this
then
rounds
out
what
we
see
last
year
compared
to
this
year.
So
I
just
want
to
take
a
moment
to
turn
your
attention
to
the
next
two
years.
B
Similarly,
about
361
in
2020,
with
some
modest
revenues
being
assumed
going
forward
in
total,
we're
going
to
start
next
year's
process
with,
but
just
over
300
million
and
216,
respectively,
as
a
net
pressure
assuming
a
property
tax
rating
increase
of
inflation,
as
well
as
a
TTC
fare
rate
increase
as
well.
So
these
are
still
just
preliminary
numbers,
but
we
should
note
here,
as
I
just
indicated,
that
land
transfer
tax
is
forecasted
at
zero.
B
So
that's
the
operating
budget
now
I'm
going
to
take
you
quickly
through,
what's
before
you
in
the
10
year,
capital
plan,
because
that's
quite
significant
as
well.
So,
starting
again
with
where
we
landed
at
launch,
we
brought
forward
a
ten
year
capital
plan
that
had
another
billion
1.1
billion
dollars
of
investment
incorporated
into
it.
That
was
primarily
due
to
our
ability
to
find
the
additional
capacity
new
sub
measures.
B
So
when
we
launched
this
budget,
we
were
able
to
bring
in
one
that
guards
and
is
guided
by
a
debt
service
value
that
maintained
us
under
the
15%,
because
debt
targets
and
the
debt
servicing
policy
really
helped
guide
her
and
frame
our
capital
planning
and
budgeting.
And
so
this
was
what
we
did
this
year
and
so
over
an
average
of
10
years.
We
will.
We
were
at
fourteen
point.
Seven
three
next
slide
just
shows
the
additional
investments
recommended
by
Budget
Committee
and
through
and
confirmed
by
executive
committee.
B
So
the
top
half
is
just
what
I
spoke
to
in
terms
of
the
major
investments
that
were
added
the
major
studies.
There
are
the
rail
deck
park,
Old
City
Hall,
which
is
a
report
that
you
just
considered
at
Council,
as
well
as
the
feasibility
of
relocating
Etobicoke
Civic
Center
to
that
budget
committee
added
funding
and
most
notably,
the
hundred
and
seventy
nine
million
dollars
to
enable
shelters,
support,
shelter,
services
to
acquire
and/or
lease
11
additional
sites,
as
well
as
some
other
adjustments
to
continue
our
revitalization
work
at
two
key
key
facilities,
Union
Station
and
st.
B
Lawrence,
and
we
accelerated
the
visions
aerial
safety
plan.
So
that
is
also
a
key.
A
key
element
next
slide.
So
bringing
all
this
together.
The
capital
plan-
that's
before
you
is
just
about
twenty
six
billion
dollars
or
sixty
five
percent
of
the
entire
capital
budget
and
plan
that's
worth
just
under
forty
billion
dollars.
Next
slide
again.
B
The
profiling
here
of
both
the
budget
on
the
left
side
and
a
10
year,
capital
plan
on
the
right
side
very
similar
in
their
distribution,
a
little
bit
more
in
the
ten
year
period,
going
to
transit
and
transportation,
primarily
as
it
takes
on
in
the
latter
part,
the
values
for
smart
track
and
our
Scarborough
subway
projects.
Terms
of
where
the
money
comes
from
or
where
the
money
goes,
my
project
category
again
of
the
left
side
is
your
budget.
The
right
side
is
your
tating,
your
capital
plan
very
similar
in
in
terms
of
its
distribution.
B
Just
to
note,
though,
in
the
10-year
period,
51%
only
about
50%
of
this
budget
is
actually
going
to
state
of
good
repair.
Well,
the
other
balance
is
going
to
stay
a
service
improvement
in
growth
projects,
and
so
this
will
continue
to
be
the
challenge
of
how
we
balance
those
requirements
next
slide.
So
the
next
two
slides
really
just
take
a
moment
to
talk
about
state
of
good
repair.
We
track
this
as
a
key
indicator
of
how
well
we're
doing
in
terms
that
our
assets
are
maintained
in
a
state
of
good
repair.
B
If
you
were
to
place
the
Gardner
into
this
mix,
we
would
actually
be
seen
to
be
reducing
our
state
of
good
repair,
but
when
you
pull
that
away,
it's
actually
rising,
and
so,
despite
the
13
billion
dollars,
we're
spending
we're
seeing
a
marginal
increase,
and
the
next
slide
shows
you
specifically,
where
we're
seeing
some
of
that.
Those
pressure
points,
transportation,
which
is
essentially
roads
coming
off
their
end
of
their
life
cycle
facilities,
especially
fire
stations.
B
Such
continue
to
be
a
challenge,
the
TTC
spending
and
Piett
parks,
forcing
recreation
sites
continue
to
rise
and
in
the
Toronto,
Public
Library.
Of
course,
we
continue
to
have
to
deal
with
state
of
good
repair
at
their
locations.
One
of
the
issues,
of
course,
is
our
staff
continue
to
update
the
the
pin
the
condition
of
their
of
their
assets.
These
numbers
continue
to
move
so
this
year
the
focus
was
on
TCH,
see,
state
of
good
repair
and
so
over.
The
next
four
years
we'll
be
trying
to
focus
our
attention
in
these
key
areas.
B
But
I
must
point
to
you
the
fact
that
in
eighteen
and
nineteen
is
quite
low,
which
is
keeping
that
average
down
so
we're
gonna
have
to
spend.
So
it's
spend
some
time
doing
additional
work
on
the
expenditure
side,
as
well
as
looking
to
new
revenues
to
help
bridge
that
we
will
also
need
to
revisit
the
policy
to
ensure
that's
the
right
level
for
us.
B
So
final
points
on
this
budget,
so
we,
the
budget
process,
we're
at
the
end
of
it
I,
do
want
to
remind
councillors
that
one
of
the
key
things
that
we
did
this
year
was
continue.
The
work
on
looking
at
the
equity
impacts
embedded
in
this
budget.
So
this
is
year
two
and
we
will
continue
to
improve
that
process
as
we
move
into
the
next
term
of
council.
B
A
J
N
J
N
Through
the
speaker,
I
think,
if
council
approves
the
budget
has
presented,
the
balance
in
that
reserve
would
will
amount
to
thirteen
point:
seven
million
dollars.
Having
said
that,
the
council
has
a
surplus
management
policy
which
allows
the
CFO
to
utilize
previous
year's
surplus
to
replenish
reserve
funds.
J
N
J
B
J
Four
years,
so
so
over
this
term
of
office,
now
we,
if
the
extra
thirty
thirty
five
thousand
people
moving
into
the
city
of
Toronto,
Road
transit,
add
about
the
same
modal
split
as
the
rest
of
the
population
does.
We
should
be
adding
at
least
five
million
new
rides
of
years
that
right,
that's
correct
so
over
the
four
years,
despite
the
fact
that
we
have
20
million
worth
of
transit
rides
appearing
in
the
city
of
Toronto,
our
ridership
has
been
flat.
J
C
C
J
H
Thank
you,
madam
Speaker.
After
you
to
staff,
just
like
to
start
off
with
more
of
a
high-level
question,
maybe
through
and
speaking
to
the
city
manager,
last
year's
budget
process
you're
very
much
concerned
about
the
direction
the
city
was
going
in
in
the
finances
this
year
we
haven't
heard
as
much
concern
about
that.
So
I
guess.
My
question
is:
where
has
the
city
come
in
the
last
year
and
where
do
you
see
us
going
so
the.
M
City
is
is
absolutely
in
the
same
place.
It
was
last
year,
there's
hardly
any
change
in
the
budget
status.
The
service
levels
remain
the
same.
The
the
reason
that
that
is
the
case
is
because
we
have
had
the
increase
in
land
transfer
tax
as
long
as
land
transfer
tax
continues
to
rise
at
approximately
the
rate,
it's
continued
to
rise
over
the
last
four
years.
The
city
finances
will
be
fine
and
and
executive
committee
and
and
City
Council
can
continue
to
invest.
H
M
Of
the
the
specific
challenges
that
the
tradition
of
the
city
of
Toronto
is
to
do
an
annual
budget,
we
provide
a
pressure
forecast
for
two
years,
but
there's
no
plan.
There
is
a
note
in
the
the
slide
deck
we
presented.
That
indicates
that
that
there's,
approximately
forty
million
dollars
worth
of
land
transfer
tax,
that's
dedicated
to
capital.
If
there
were
an
initial
softening
of
land
transfer,
tax
staff
would
presumably
report
back
to
executive
committee
and
suggest
that
we
alter
the
capital
program
as
a
matter
of
first
resort.
Now.
H
M
M
Expenditure
constraint
has
been
has
been
substantial,
with,
with
the
actual
cost
port
drivers
of
expense,
rising
labor
costs,
a
variety
of
other
things
tending
to
to
rise.
The
city
has
kept
for
almost
all
program.
City
has
kept
the
the
increase
prior
to
the
executive
committee
budget
at
0.8
percent.
That
0.8
is
driven
by
largely
by
debt
and
a
sorry
that
0.8
is
driven
by
largely
by
things
like
Toronto
York
expenditure,
Toronto,
York,
subway,
an
expense,
sorry,
a
service
increase,
so
the
services
of
2017
cost
exactly
the
same
as
the
services
of
2018.
H
So
you
know,
we
I
think
all
and
everyone
in
this
room
has
heard
over
the
last
couple
years,
specifically
this
year
about
other
governments
coming
to
the
table,
wanting
to
invest
through
a
number
of
projects
which
we
still
have
outstanding
on
our
books.
Many
in
them,
which
I've
seen
have
we
seen
any
further
commitment
from
other
levels
of
government
to
come
in
and
and
help
the
City
of
Toronto
move
our
larger
infrastructure
projects
forward
and
and.
M
I
will
answer
that
question,
but
before
I
do
I
need
to
just
make
sure
I
complete
the
answer
to
the
last
question
it
just
to
be
completely
clear.
In
prior
years,
the
the
city
council,
particularly
in
2017,
was
very
reluctant
to
accept
staff
recommendation
of
constraints,
so
what
we've
done
is
imposed
constraints
without
affecting
service
levels.
In
prior
years,
staff
had
proposed
service
level
reductions.
Council
had
rejected
that.
Yes,
there
is
a
substantial
increase,
not
increased
interest
in
in
other
governments
and
their
their
desire
to
find
City
programs.
M
C
L
You,
madam
Speaker,
yes,
I,
don't
to
the
city,
manager
and
2009-2010.
There
was
a
lot
of
discussion
in
terms
of
the
structural
operating
gap
and
one
year
to
be
done
to
get
the
planning
that
we
need
by
then
there
was
implementation
of
the
municipal
land
transfer
tax,
the
new
rates
own
and
program,
that's
from
water
and
with
management,
user
fees
and
so
on,
and
this
council
was
told
over
and
over
again
that
was
enough
funding
to
cover
that.
L
So
my
question
to
you
is
year:
over
year,
for
the
last
few
years,
the
train
keeps
on
going
up
in
terms
of
the
municipal
land
transfer,
tax
were
getting
about
hundred
million
dollars
and
the
assessment
growth,
the
same
user
fees,
provincial
and
and
federal
contributions,
and
so
on.
So
my
question
to
you
is:
do
you
still
feel
that
we
have
any
structural
operating
got.
M
There
anybody
who
has
looked
from
an
external
perspective
at
the
City
of
Toronto
budget,
the
Institute
for
municipal
governance
and
Finance
earlier
Commission's
appointed
by
the
earlier
mayor,
the
city
managers,
all
pointed
to
the
existence
of
a
significant
gap
between
the
long-term
expenditure
pattern
and
the
revenue
pattern
of
the
city
of
Toronto.
But
an
answer
to
the
direct
question.
M
If
you
feel
that
that
expenditure
growth
that
that
the
revenue
growth
associated
with
land
transfer
tax
is
going
to
continue
and
that
then
then
there
is
no
structural
gap
and
that
will
allow
you
to
maintain
expense
as
it
rises
in
this
year's
proposed
budget
at
the
rate
of
inflation.
Even
that
will
not
allow
the
very
significant
investments
that
council
has
proposed
on
a
going-forward
basis.
So.
L
L
There
is
no
strategy
on
that
great
another
question
now,
in
terms
of
the
chief
financial
officer
and
or
to
the
city
manager,
is
in
terms
of
the
impact
in
the
reassessments
that
would
many
parts
of
the
city
they
have
gone
through.
Tremendous
increases
between
forty
and
hundred
percent
I
have
a
number
of
properties
within
my
work
where
the
assessments
have
doubled.
L
So
that's
creating
a
real
pressure
on
property
owners
in
terms
of
property
taxes.
Now,
on
today's
budget
we
have,
we
are
told
us
is
2.1
percent,
but
in
essence
what
we
have
is
2.9
1%
of
that
will
be.
The
ultra
rate.
Increase,
will
include
a
severe
policy,
the
city
building
and
also
the
impact
that's
within
the
equation.
I
am
sure
that
some
members
of
council
will
be
asking
or
how
about
three
percent
four
or
five
percent
increase.
N
So
there
is
no
question
that
when
one
includes
the
budgetary
implications,
as
well
as
current
value
assessment
implications
and
the
tax
policies
that
Council
adopted
in
2009,
these
on
a
cumulative
basis
have
an
impact
on
the
residential
homeowner
and
we've
identified
for
you.
What
that
impact
is.
We
do
have,
however,
targeted
policies
that
deal
with
low-income
seniors
to
assist
them
in
the
event
that.
L
N
Through
the
speaker,
the
the
twelve
point-
nine
billion
dollars
is
not
just
the
tax
supported
that
includes
the
gross
budget
of
not
only
the
tax
base,
but
also
the
the
rate
supported
budget.
So
the
effective
increase
in
on
a
net
basis
over
last
year
is
minimal.
It's
it's
in
the
single
digit
increases.
Thank.
A
L
K
B
L
Has
been
an
issue
in
Syria
trauma
in
my
world,
and
people
keep
on
asking
what
we're
going
to
do.
So
the
question
is
given
the
contributions
that
this
City
Council
has
made,
given
the
contributions
from
the
two
other
levels
of
government,
how
many
affordable
units
have
we
created
in
the
cereal
tunnel
to
relieve
the
waiting
list
that
we
have
I
counselor.
I
Just
some
follow-up
questions
on
these
slides,
probably
too
well
to
a
variety
of
folks
up
from
Finance
on
slide
number
12,
the
real
per
capita
I'm,
just
wondering
if
my
math
is
correct.
I
did
a
quick
calculation
if
we
have
gone
from
4480
per
capita
in
2010
and
we're
at
2000
2018,
where
we're
a
hundred
and
seventy
two
dollars
less
on
a
per
capita
basis.
Are
you
with
me
so
far
and
if
you
multiply
that
times,
two
point,
eight
two
point:
nine
million
dollars.
I
I
B
I
I
One
last
question:
I,
just
cuz,
there's
a
there's,
a
variety
of
opinions.
Sorry
just
one
sec
here,
oh
yes,
in
terms
of
the
inflation
slide
17.
If
you
could
go
there
for
a
second
here,
why
is
it
that
we
calculate
inflation,
like
the
inflation
that
chart
to
me
says
that
the
inflation
rate
that
we're
increasing
really
is
one
point
four
seven
all
in?
Why
are
we
only
taking
one
piece
of
that
to
calculate
the
inflation
rate
and
not
well
another
piece?
N
I
think
the
through
the
speaker
I
think
the
direction
was
that
the
residential
rate
payer
should
not
absorb,
and
it's
anything
beyond
that
inflation
rate,
which
was
assessed
at
two
point.
One
percent
that
slide
before
you.
If
the
direction
was
the
the
tax
base
in
its
entirety,
should
increase
at
a
rate
of
2.1
percent,
then
those
would
have
different
implications
on
on
the
different
classes
of
properties.
So.
M
There
is
a
way
in
which
the
structure
of
Toronto
property
taxes
works
that
actually
makes
it
quite
difficult
from
a
fiscal
perspective.
The
actual
property
tax
increase
that
homeowners
face
is
more
than
two
point
one
percent
the
numbers
are
detailed
here,
but
the
way
that
that
translates
into
the
actual
impact
because
of
a
variety
of
prior
decisions,
both
provincial
and
city
in
terms
of
other
aspects
of
tax
policy,
means
that
revenue
and
total
increases
on
the
property
tax
a
little
bit
less
than
1.5
percent.
I
M
We
have
not
made
an
estimate
of
land
transfer
tax,
we
have
simply
taken
the
existing
value
of
land
transfer
tax
and
carried
that
forward.
We
do
not
actually
have
a
forecast
or
estimate
of
land
transfer
tax.
We
have
a
reliance
on
land
transfer
tax,
which
should
be
distinguished
from
anaconda,
metric
or
other
model
or
other
elements.
M
The
answer,
but
but
there
is
there-
are
some
signs
of
softening
in
the
market
we've
seen
from
Toronto
real
estate
board
a
number
of
other
areas,
a
little
bit
of
softening
some
areas
of
the
market
are
softer.
There
was
substantial
softness
through
the
course
of
2017
that
appears
to
have
been
offset
by
an
increase
by
a
commensurate
increase
in
the
commercial
property
tax
market.
Thank.
C
I
want
to
try
to
just
explain
this
to
the
taxpayer
who's
watching
right
now
that
that
particular
property
tax
payer.
What
what
is
it?
What's,
the
total
amount
and
what's
the
difference
between
what
he
or
she
has
paid
last
year,
as
opposed
to
this
year
and
a
percent
and
in
the
percentage?
Is
it
four
percent
so
through.
N
The
speaker
I
just
want
to
draw
your
attention
to
slide
23
which
identifies
the
impacts
on
the
average
homeowner.
On
average
last
year,
the
residential
homeowner
paid
twenty
eight
hundred
and
twenty
five
dollars
in
municipal
taxes.
Talking
about
the
percentages,
yes,
racism
percentage,
the
increase
is
2.9
percent.
Does.
N
So
user
fees
have
generally
increased
in
line
with
inflation.
The
rate
supported
program
has
generally
increased,
also
in
line
with
inflation.
I
think
when
we
look
at
the
total
basket
of
municipal
services
that
are
provided
to
the
average
homeowner
my
suspicion
is
that
it
would
be
still
below
three
percent,
so.
C
C
A
C
A
A
M
C
N
C
And
earlier
counsel,
Palacio
asked
about
contingency
plans.
Why
is
it
that
we
would
anticipate
that
development
charges
and
our
tax,
our
land
transfer
taxes
are
going
to
go
down
and
our
revenues
are
going
to
go
down
and
we
are
not
suggesting
at
all
that
we
have
a
contingency
plan.
If
that's
the
case,
why
are
we
not
doing
that?
Counselor.
M
The
budget
is
done
on
an
annual
basis.
If
there
is
a
change
in
land
transfers,
tax
staff
would
come
back.
The
initial
approach
we
presume
would
be
to
suggest
that
the
40
million
dollars
worth
of
land
transfer
tax
increment
that
is
devoted
to
capital,
that
we
would
at
an
initial
blush
run
at
that.
But
the
reality
is
that
if
land
transfer
tax
were
to
decrease,
we
would
require
policy
decisions
that
would
properly
be
put
in
front
of
this
council.
That
is
not
something
that
we
are
dissipate
because
the
rate.
C
A
A
C
Question
is
I
would
assume
that
that
our
staff
have
been
privy
to
a
lot
of
the
studies
that
have
been
out
there
with
respect
to
the
transfer
taxes,
the
land
transfer
taxes
and
the
development
charges
and
there's
speculation,
huge
speculations
through
those
particular
studies
that
this
is
going
to
drop
okay.
My
question
to
you
is,
if
you've
seen
them,
if
you
know
that
that's
the
case,
why
are
we
not
deciding
and
through
a
recommendation
through
staff,
to
deal
with
that
at
this
budget?
Instead
of
increasing
the
budget?
Okay,.
M
I
do
apologize
for
my
earlier
answer.
I
want
to
be
clear,
I,
deeply
respect,
counsel,
I,
don't
mean
to
imply
in
a
negative
way
that
it's
your
job
it
is.
It
is
my
strong
view
that
that
policy
decisions
are
properly
made
by
Councillor
in
any
react
by
counsel
as
a
whole.
In
any
reaction
to
a
change
in
land
transfer,
tax
would
most
properly
be
brought
forward
to
to
counsel
in
the
event
that
there
were
a
softening
in
year
of
land
transfer
tax.
M
The
nature
of
the
response
would
depend
entirely
on
the
the
rapid
Nisour,
the
impact
in
which
that
were
to
take
place.
As
we
indicated,
the
20s,
the
numbers
for
the
first
month
of
2018
are
holding
constantly
provides
you
with
the
best
possible
information,
and
here,
however,
is
the
core
reality.
Nobody
understands
what
will
happen
to
the
future
of
land
transfer
tax.
If
we
did,
we
would
not
be
advising
the
City
of
Toronto.
We
would
be
engaging
in
commercial
activities
to
that
respect.
K
Thank
you,
madam
Speaker.
My
questions
are
with
respect
to
debt
in
the
capital
budget.
I
asked
them
now,
while
we're
discussing
rape
because
I
want
to
get
at
the
the
impact
of
the
property
tax
rate
on
debt
servicing.
We
have
a
capital
plan
for
just
for
this
year
of
three
billion,
but
I'm
wondering
if
you
can
tell
me
the
answer
to
my
annual
question.
What
is
today
our
total
debt
issue?
The
current
debt
issue
certainly.
N
K
K
K
Right,
if
we,
if
we
take
into
account
the
whole
twenty
six
so
currently,
currently
we
are
pretty
close
to
the
ceiling
in
terms
of
debt
servicing
and
our
effects.
So
the
question
is:
if
we
were
to
engage
in
a
slightly
higher
property
tax
rate,
we've
stayed
in
line
with
inflation,
but
we're
slightly
higher
for
a
year
or
two,
but
we
kept
on
with
the
ten-year
plan
we
have
before
us
today.
How
would
that
affect
our
debt
ceiling
through.
N
The
speaker-
yes,
certainly
that
would
effectively
reduce
the
the
ratio.
The
fourteen
point
it's
currently
at
fourteen
point,
nine
four
percent
and
our
debt
guideline
is
fifteen
percent.
If
one
was
to
increase
property
taxes
beyond
inflation
and
hold
the
capital
program
constant,
the
effect
of
that
policy
would
be
to
reduce
that
rate.
Now.
K
If
we
know
we
have
some
some
some
higher
years
coming,
because
we
have
some
very
big
projects,
do
we
wait
till
that
year
to
to
raise
property
taxes
of
inflation
so
that
we
don't
end
up
hitting
that
ceiling,
or
would
it
be
wiser
to
gradually
work
our
way
up
to
that
over
time
so
that
we
never
hit
the
ceiling
with
that?
Would
that
be
a
better
impact
on
our
credit
rating
through.
N
The
speaker
I,
don't
think
it
has
really
at
the
material
and
act
on
the
credit
rating.
I
would
note,
however,
that
through
the
adoption
of
dedicated
city
building
levy,
I
think
I
noted
it
in
the
in
the
presentation
that
in
effect,
increases
tax
rates
or
tax
levies
to
support
future
debt,
and
that
is
a
fiscally
responsible
way
to
to
approach
it
right.
K
Right
the
last
question:
we
we
still
don't
put
it
in
here,
but
but
do
we
calculate
for
the
their
rating,
the
bond
houses
that
raid
us
or
do
they
calculate
it?
For
us,
the
debt
per
capita
ratio,
the
city
failed
tomorrow
and
we
had
to
go
to
every
Torontonian
and
say
you
each
have
to
pony
up
this
much.
What
does
that
amount
right
now
so.
N
So
we
on
an
annual
basis
present
to
our
three
debt
rating
agencies
and
that
amount
is
roughly
I
believe
it's
two
point
or
sorry
$2,500
per
capita,
which
is
when
you
look
at
it
relative
to
comparables
across
Canada
and
in
fact
North
America.
It's
it's
a
really
favorable
statistic:
it's
not
completely!
K
K
D
Thank
you
very
much,
madam
Speaker,
through
you
to
staff
with
respect
to
the
municipal
land
transfer
tax,
recognizing
that
the
real
estate
market
is
cyclical
and
it
looks
like
we're
we're
heading
to
a
bit
of
a
softer
economy.
Certainly
the
number
of
sales
and
transactions
have
started
to
decline.
What
are
the
the
measurements
that
could
be
in
place
for
us
to
withstand
us,
and
some
sharp
drops.
M
The
budget
is
based
on
land
transfer
tax
in
2018
at
the
same
level
was
experienced
in
2017.
The
only
provision
that
we've
taken
the
care
to
identify
is
that
a
40
million
dollars
of
that
land
transfer
tax
is
devoted
to
capital
in
general.
It
is
easier
to
reduce
the
long
term
capital
program
than
an
immediate
impact
on
operating,
but
the
budget
is
supported
by
the
increase
in
land
transfer
tax,
as
which,
in
and
of
itself,
is
not
sufficient,
which
is
why
we
also
have
put
in
the
reserve
draws
and
other
one-time
measures,
and
so.
D
M
The
the
other
measures
can
be
a
combination
of
two
things
and
and
in
any
event
they
would
likely
be
a
combination.
One
would
be
further
expenditure
constraint.
The
City
of
Toronto
has
traditionally
been
not
comfortable
with
actually
reducing
levels
of
service,
but
that's
an
obvious
option.
The
other
is
increased
revenue
over
this
term
of
council.
The
city
did
ask
for
an
increase
in
potential
revenue
associated
with
road
pricing
that
was
approved
by
City
Council.
That
was,
unfortunately,
in
my
view,
turned
down
by
the
province
of
Ontario
and.
D
M
D
Some
of
the
potential
tools
that
will
be
put
before
us
I
think
we
can
anticipate
some
of
them.
One
would
probably
be
a
sales
tax.
It
was
on
the
it
was
on
the
discussion
earlier
and
and
I
believe.
The
vehicle
registration
tax,
which
we've
successfully
collected
in
the
past,
with
very
little
pass
through
administration
costs
I'm,
assuming
that
those
two
at
the
very
least
will
be
back
on
the
table.
They.
M
Would
be
back
on
the
table?
I
want
to
distinguish
between
them.
The
vehicle
registration
tax
is,
you
are
correct,
a
relatively
efficient
to
collect
tax.
It's
also
as
of
right.
This
council
can
decide
it
and
and
receive
it
on
a
relatively
quick
basis.
Things
like
sales
tax
at
this
point
are
our
would
require
very,
very
significant
changes
in
federal
and
provincial
policy
to
accomplish
so.
D
Things
that
we
can
do
very
quickly
on
the
floor
of
the
council
within
this
budget
discussion
within
this
meeting
in
that
can
bring
us
additional
revenues
B's
beyond
hiking
up
property
taxes
or
or
making
it
for
adjustments
beyond
the
rate
of
a
flight.
Reflection
of
inflation
is
really
the
vehicle
registration
tax.
Is
there
anything
else
that
we
can
do
very
quickly
adjustments
so.
N
Beyond
that,
I
think
we've
you
to
optimize
the
available
revenue
options
that
are
available
to
us
under
coda.
The
only
thing
as
the
city
manager
has
indicated,
that's
still
outstanding
is
the
vehicle
registration
tax,
which,
if
implemented,
will
raise
roughly
a
hundred
million
dollars
a
year
and
so.
D
D
K
N
N
K
K
My
question
is
I
know:
we've
heard
that
the
long
term
financial
plan
is
around
the
corner,
hopefully
this
spring,
and
so
certainly
what
I
hear
on
the
council
floor
whenever
emotions
been
put
forward
well,
there's
this
vetting
process
of
the
of
the
the
budget
committee
has
to
go
through
budget
committee,
but
we
see
this
year
that
most
almost
all
new
and
enhanced
were
put
through.
Maybe
you
can
tell
me
what
percentage
of
new
and
enhanced
were
put
through
a
budget?
That's
before
us,
Josie.
M
Leader
will
answer
the
percentage
numbers,
but
but
let
me
be
clear
about
that:
they,
pending
long-term
financial
plan.
There
is
no
magic
in
it.
It
will
just
simply
be
an
indication
and
some
modeling
to
to
indicate
that
at
some
point
the
City
of
Toronto
will
need
to
match
its
expenditure
policy
and
its
tax
policy.
Okay,.
K
K
Okay,
all,
but
about
five
million,
the
rate
was
approved.
Okay,
thank
you.
That's
helpful.
Just
back
to
the
long-term
financial
plan
to
the
city
manager.
Will
this
plan
help
council
set
priorities
and
you
know
versus
this
ad
hoc
decision-making?
Well,
there
will
a
process
be
set
in
place.
Priorities
identified
a
plan
strategy
targets.
Metrics
will
all
that
be
set
up
with
this
forthcoming
long
term
plan
no.
M
And
I
don't
think,
that's
a
reasonable
expectation
of
city
staff.
In
answer
to
an
earlier
question,
I
did
indicate
that
staff
respect
the
ability
and
power
of
council
to
set
its
own
priorities.
The
primary
message
will
be
that
that
the
both
the
expense
priorities
and
the
revenue
priorities
over
time
need
to
be
matched
and
that
future
program
decisions
should
be
backed
up
by
revenue
or
if
the
city
does
decide
for
a
smaller
government
path,
then
obviously
expenditures
can
continue.
Our
revenue
can
continue
to
grow
slowly.
Okay,.
K
Could
I
also
ask
you
as
a
part
and
parcel
of
this
budget?
What
this
is
a
difficult
question,
but
it's
something
that
I
think
bothers
a
lot
of
us
is
we
seem
to
be
paying
for
a
lot
of
things
that
really
fall
under
other
jurisdictions
provincially
for
the
most
part,
some
federal,
but
is
there
any
break
down
that
you
have?
That
demonstrates
the
percentage
difference
of
what
we're
having
to
step
up
and
pay
for,
because
there's
gaps
in
the
provincial
contributions.
I,
don't.
M
Think
there
is
a
hard-and-fast
view.
I
mean
to
take
an
extreme
example.
The
Municipal
Act
requires
provincial
legislation
requires
that
we
have
one
retirement
home.
We
have
a
number
of
them.
It
would
be
possible
to
make
an
argument
that
we
shut
all,
but
one
of
them
and
remain
in
compliance
with
with
legislation.
So
it's
act
frankly
somewhat
difficult
to
come
up
with
with
an
answer
to
that
question.
M
I
can
tell
you,
however,
we
put
on
the
slide
that
the
general
that,
over
the
course
of
this
fiscal
year,
the
city
of
the
government
of
Ontario
has
been
generally
favorable
to
the
to
the
city,
and
our
financial
financial
situation
has
improved
due
to
the
allocation
of
the
gas
tax.
The
last
year
of
the
uploads
and
a
number
of
other
factors.
So.
M
Will
say
that
the
City
of
Toronto
does
bear
a
disproportionate
burden
for
a
number
of
services
that
are
probably
better
thought
of
as
regional
services.
We
have
a
disproportionate
share
of
the
housing
stock
and
the
expense
associated
with
the
housing
stock.
We
pay
a
disproportionate
share
of
the
transit
and
the
ridership,
and
the
subsidies
associated
with
that
are
a
more
significant
burden
on
the
city
of
Toronto
than
they
are
on
other
municipalities.
M
A
F
You
madam
Speaker
I
just
like
to
follow
up
on
the
questions
earlier,
about
tax
increases
and
this
time
focused
on
the
hardship
that
it
causes.
My
question
is
for
the
interim
chief
financial
officer,
because
his
name
appears
on
this
letter.
I'm,
obviously
not
going
to
mention
the
address
or
the
name.
But
how
often
do
you
have
a
tax
sale,
property
registration
of
a
tax
arrears
certificate
issued
to
people
who
cannot
pay
their
property
taxes.
N
So
there
may
be,
there
may
be
an
instance
where
the
city
proceeds
with
a
tax
sale.
However,
it's
not
very
frequent
that
we
actually
effect
the
tax
sale.
Yet
one
has
to
also
recognize
that
there
are
over
500,000
residential
properties
in
the
city,
and
you
know
if
you
have
one
or
two
that
may
be
the
exception
to
the
rule.
Well,.
N
F
We
have,
within
our
tax
bill
envelope
an
option
for
the
good
people
of
Toronto
who
feel
they
should
be
paying
more
taxes
to
make
a
donation
to
the
city
of
Toronto.
Could
you
just
give
us
the
number
on
how
much
in
2017
the
residents
of
Toronto
contributed
to
that
fund?
So
this
is
a
voluntary
check
to
the
city
for
those
who
feel
they
should
be
paying
more.
N
F
N
F
E
E
E
L
E
So
if
we
were
to
increase
taxes
by
let's
say
well,
whatever
number,
as
some
would
call
for
now
and
increase
what
the
city
does
and
the
MLT
T
were
to
collapse
there,
where
do
we
stand
we'd
have
to
take
taxes
that
much
higher
correct
right
now.
Some
might
argue.
We
have
room
to
increase
taxes,
but
if
we,
if
we
meet
that
or
follow
that
path,
that
would
essentially
cut
off
that
room.
If
the
ML
TT
crashes
corrector,
assuming.
E
E
E
N
E
E
On
top
of
condominiums,
okay
car
names
do
we
and
we
we
like
to
compare
our
taxes
to
other
GTA
municipalities?
Would
you
agree
that
the
average
tax
paid
by
a
condominium
owner
is
substantially
less
than
a
someone
who
owns
a
house
I?
Think.
E
N
N
E
E
N
H
Thank
you,
madam
Speaker
I
just
have
a
couple
of
clarification
questions.
My
first
one
is
the
it's
been
my
experience
that
we
were
typically
increasing
capital
from
current
at
about
10%
per
year
for
quite
a
while
and
then
this
year,
for
whatever
reason
we
deviated
from
that
and
jumped
up
by
20%
I.
Think
I
asked
this
question
before
what
prompted
that.
B
So
3mm
speaker,
the
increase
that
you're,
seeing
in
CFC
this
year
has
a
two
or
three
drivers
in
it,
so
the
first
one
being
the
10%
policy
of
the
annual
increases.
So
that
is
continuing.
We
are
also
seeing
the
last
phase
of
our
adding
back
to
CFC
as
a
result
of
the
three
year,
implementation
for
the
loss
of
the
pooling
grant
so
you're,
seeing
that
as
a
component
as
well
and
then
the
final
piece
was
the
the
impact
of
also
having
to
fund
go
translator
for
a
three-year
period.
H
Thank
you,
the
on
slide,
13
just
again
for
clarification.
We've
got
the
city
revenues
as
percentage
of
GDP
and
essentially
it.
What
it
demonstrates
is
that
the
percentage
of
GDP
has
remained
constant,
that
is,
the
city
city
revenues
as
percentage
of
GDP.
However,
what
has
been
the
increase
in
GDP
from
from
2010
to
2018?
H
H
In
slide
12,
given
that
we
assume
that
revenue
has
gone
up
even
marginally
every
year,
but
in
slide
12,
what
basically
says
is
that
the
per
capita
spending
has
gone
down
now.
I'm,
assuming
that's
a
population
growth,
is
what
then,
would
take
care
of
the
additional
revenue.
That's
being
generated,
I
mean
so
I
just
want
to
make
sure
and
I
think
you've
made
it
clear
that
the
reduction
in
per
capita
spending
has
been
a
consequence
of
productivity
and
not
so
much
that
we're
actually
spending
less.
M
Services
so
I
think
I
think
there
are
two
things
that
are
important
here.
The
first
is
three
things.
The
first
is
there
is
change
within
the
bars
within
within
the
composition.
The
second
point
is
that
that,
when
measured
appropriately
when
we
actually
try
and
normalize
take
away
inflation
and
population
growth
get
a
sense
of
the
per
person
burden
per
resident
burden,
the
the
burden
has
been
relatively
constant
over
time,
even
dropping
a
little
bit.
M
But
at
the
same
time
it's
probably
important
to
note
that,
while
we
don't
calculate
it,
the
City
Council
has
produced
a
large
number
of
increased
services.
For
example,
increased
investments,
childcare,
increased
investments
in
transit,
a
variety
of
other
things.
The
explanation
for
that
is,
we
are
getting
more
service
for
roughly
the
same
amount
of
fiscal
consequence,
the
amount
of
fiscal
impact
on
on
taxpayers
in
the
City
of
Toronto.
Thank
you.
H
You've
been
a
speaker
through
you
too,
mr.
Wallace,
the
on
slide
36,
it's
the
MLT
T
Trent,
and
although
we
have
said
that
the
increase
in
2017
was
95
million,
the
slide
actually
shows
that
the
actual
in
2016
was
638
million
and
the
actual
in
2017
was
803
million,
which
is
a
hundred,
and
seventy
million
dollar
increase
his
dam
I
reading
that
correctly,
so
I
guess
my
next.
My
next
question
is
and
was
asked
previously
about
a
contingency
plan,
and
we
didn't.
We
don't
have
a
contingency
plan.
H
M
There
was
a
staff
preliminary
budget
that
was
put
in
front
of
Budget
Committee
and
then
in
front
of
executive
committee.
That
budget
included
all
of
the
land
transfer
tax,
as
we
knew
it
to
be
available
at
28
at
at
2017.
At
that
point
in
the
year,
that's
not
a
forecast
that
is
simply
applying
the
whole.
The
the
entire
element
since
that
time,
Budget
Committee
and
Executive
Committee
have
undertaken
two
additional
moves.
First,
they
have
applied
any
increment
associated
with
land
transfer
tax
into
land
transfer
tax.
M
H
Mr.
walz,
the
question
is:
do
we
have
does
our
planning
department
or
a
build
Department?
Do
we
know
how
many
units,
how
many
units
of
new
construction
will
close
next
year
and
I
mean?
Is
that
is
that
part
of
the
basis
of
a
forecast?
Do
we
know
how
many
new
units
will
close,
there's
thousands
of
condos
being
built?
M
Ml
TT
complaints
contains
a
variety
of
components.
You
are
correct,
but
a
large
component
is
commercial
transactions.
Other
large
components
are
new
building
stock
coming
on
in
terms
of
others.
The
other
is
of
course,
resale
the
reality.
The
combination
of
those
is
such
that
that,
and
we
work
very
closely
with
the
province.
We've
worked
very
closely
with
the
Toronto
real
estate
board.
The
core
reality
here
is
that
these
are
extraordinarily
difficult
numbers
to
forecast
we're
not
presenting
it
as
a
forecast
on.
H
M
H
What
percentage
now,
let's
say
we
have
to
respond,
and
we
and
and
I
don't
know
how
quickly
we
would
have
to
respond.
But
let's
say
we
had
have
a
50
million
dollar
response
fairly
quickly.
What
percentage
of
the
city's
budget
is
is
our
fully
funded
salaries
so,
in
other
words,
not
provincially,
funded
or
partially
prevented
some
funded,
but
what
percentage
of
our
overall
11.11
billion-dollar
budget
come
out
of
salaries.
M
50
million
dollar
solution
would
probably
come
in
the
first
instance.
The
staff
recommendation
would
likely
be,
and
it
would
obviously
depend
on
the
time,
but
would
likely
to
be
to
reduce
the
rate
of
capital
expense
over
a
period
of
time,
relatively
gradually,
as
City
did
when
it
faced
a
hundred
odd
million
dollar
reduction
from
2013
from
from
the
province.
A
more
substantial
reduction
that
obviously
be
a
series
of
choices
around
potential
taxing
expenditure,
reductions
that
could
include
staff
impacts
could
also
include
freezes
or
other
mattress.
Okay,
so
my.
H
Last
question
is
in
the
gasoline
tax
when
the
province
and
the
premier
decided
not
to
allow
us
to
toll
the
roads.
They
said
they
were
going
to
give
us
an
extra
1%
and
that
that
was
going
to
come
up
to
something
like
152
million
or
something
in
that
neighborhood,
and
that
was
you
know
they
gave
that
to
all
municipalities.
Does
that
not
take
an
effect
until
2019
I
threw.
H
A
Thank
you.
Oh
thank
you.
Thank
you
before
just
a
sec
gun
a
counter,
Pasternak
asked
a
question
earlier
on
the
total
amount
that
funds
that
we've
received
in
the
contributions
and
I
think
it
was
a
maybe
a
misunderstanding
on
that
question.
But
there
is
clarification.
So,
if
I
ask
the
staff
to
clarify
thank.