From Deficit to Discipline: Toronto’s Budget Bounceback
Toronto’s finances are stabilizing. How Mayor Chow inherited a $1.8B shortfall and turned it into a $600M improvement in just one year.
Toronto’s finances are stabilizing. How Mayor Chow inherited a $1.8B shortfall and turned it into a $600M improvement in just one year.
From water services to parks, to waste collection, the city has been working hard to restore service, reliability, accountability & confidence in Toronto’s public services.
The TTC has added six extra trains on Line 2 in order to offer trains every ~2:20 during morning rush. Mayor Chow focused on rebuilding transit capacity and reliability.
The City received 800+ development applications in 2024 alone. A sign of increased investor and developer confidence under new policies.
City’s updated long-term financial plan, prudent financial management, and the new Ontario–Toronto Deal which provides significant new funding for transit and housing.
New streetcars, modernized infrastructure and targeted upgrades are helping improve reliability and capacity across Toronto’s streetcar network.
A grassroots network of 25 Community Fridges across Toronto is providing free, fresh food to over 500 families weekly, reducing food waste and relieving hunger for many.