Friends,
This week City Council considered and approved the Mayor’s Proposed Budget with an amendment package consisting of $2 million in emergent Council priorities. As Mayor Chow issued a Mayoral Decision indicating she will not exercise the power to veto amendments, the 2026 Budget is now deemed adopted.
The 2026 Budget is comprised of an $18.9 billion operating budget and a $63.1 billion 10-year capital budget and plan (2026–2035).The budget includes a combined residential property tax increase and City Building Fund levy increase of 2.2 per cent.
Key investments in the 2026 Budget include:
Making life more affordable
- Freezes TTC fares for a third consecutive year and expands service
- Introduces monthly fare capping after 47 paid trips, starting in September, providing 2.1 million free rides
- Provides more weekday hours at Toronto Public Library branches, opening all 100 library branches seven days a week, year-round, starting this summer
- Continues the Rent Bank, helping 2,800 households stay housed
- Expands the Student Nutrition Program, providing nutritious food to approximately 330,000 students per day in 841 schools
- Supports food programming at City-run camps, providing nutritious snacks to approximately 115,000 children per day at 185 camp locations city-wide
- Supports new rental housing supply through a continued 15 per cent property tax discount for new multi-residential properties
- Supports 27,000 new rental homes this year, including 9,700 rent-controlled and affordable units
- Maintains a new multi-residential property tax subclass for newly built purpose-built rental housing, providing a 15 per cent property tax reduction
Supporting community safety
- Adds 258 new emergency positions (police and paramedics)
- Expands crisis support on the TTC through Toronto Community Crisis Services
- Hires 16,000 young people for jobs in recreation, special events and museums, helping youth build skills and gain job experience
Keeping Toronto moving
- Hires 27 additional Traffic Agents to improve traffic management and reduce travel times
- Continues investment in smart street signal technology to keep people moving
Providing excellent community services
- Supports low-income vulnerable residents with 1,000 air conditioning units
- Enhances the basement flooding protection subsidy program and introduces a new furnace replacement program to help homeowners
- Strengthens renter protections through RentSafeTO
- Increases the property tax reduction for small businesses by five per cent, for a total reduction of 20 per cent, benefiting more than 28,000 small businesses and supporting local jobs and vibrant communities
Property tax relief programs remain available for eligible low-income seniors and people with disabilities, supporting an anticipated 11,500 households this year. More information is available on the City’s Tax and Utility Relief webpage.
I am grateful for the over 25,000 residents that participated in the budget consultation process and informed this Budget. Together, we have crafted a Budget that helps Torontonians with the rising cost of living while protecting the services people count on.
Sincerely,

In This Week's Newsletter
City-Wide News
- February 11 was 211 Day.
Ward 4 news
- 34-50 Southport St Community Consultation Meeting on Feb 24
- Road Resurfacing in 2026 for Ward 4
- Road Restrictions: Lake Shore Boulevard West
- Swansea Town Hall presents Neighbourhood Notes - Feb 22nd

