Tory announces funding plan for Toronto housing initiatives in 2023 budget
Global News
The mayor made another budget announcement Thursday on housing initiatives after announcing plans for the year on the Toronto Police Service and the TTC.
Toronto Mayor John Tory says he is investing more funding into housing initiatives as part of the city’s 2023 budget.
The City said the budget proposes investments of nearly $2 billion in gross spending for housing. They also noted excluding ongoing COVID-19 expenses, the budget proposes $616 million in direct support from the City’s tax base for housing initiatives.
“This budget, I’m focused on protecting and improving the nuts-and-bolts services Torontonians rely on and following through to build housing and keep our city safe. From keeping pools, rinks, and youth spaces open, to snow clearing on sidewalks across the city and building more housing, I’m focused on protecting municipal services,” Tory said.
The mayor made another budget announcement Thursday after announcing plans for the year on the Toronto Police Service and the TTC.
The 2023 Housing Action Plan was proposed by the mayor and passed by city council in December. The investments included:
The budget also calls on the provincial and federal governments to fulfill housing obligations put forward by their jurisdictions which include:
Included in the budget are “nuts and bolts” services to improve, protect, and preserve city services such as:
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