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Wednesday January 30th 2013

Toronto Operating Budget Facts

This is based on Property Tax of $2,336 for an average house with an assessed value of $387,680

Police Service and Board $582
TTC $257
Fire Services $242
Toronto Employment and Social Services $216
Shelter, Support & Housing $180
Parks, Forestry and Recreation $167
Debt Charges $132
Transportation Services $124
Toronto Public Library $110
Other $84
Children’s Services $45
Emergency Medical Services $43
Information and Technology $33
Community Partnership & Investment Program $30
Toronto Public Health $29
Long Term Care Homes & Services $28
City Council $13
Municipal Licensing and Standards $12
City Planning $9
Toronto Building ($8)

TOTAL is approx. $2,300

Does this reflect the way you want your tax dollars spent? Do you want to see Toronto Public Library receive a higher funding than Emergency Medical Services, Toronto Public Health, Children Services or Long Term Care Homes and Services?

Baby boomers are starting to retire in large numbers. Does anyone in the city look at the impact over the next few years. Is the city prepared for this? I know one thing for sure, our debt charges will likely increase and hopefully it will not match the Fire Services operating costs.