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Toronto Government Spending

Get data-driven insights into how the Toronto government’s revenue and spending affect Toronto residents and programs.

Toronto's Revenue and Spending in Financial Year 2024

Look back at what Toronto's government made and spent. Numbers are reported on an accrual basis.

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Financial Position 2024

Surplus/Deficit
The difference between revenue and spending. A surplus indicates revenue exceeded spending.
$2.02B surplus
Balance for 2024
Total Revenue
All revenue collected during the fiscal year, including taxes, transfers, and other sources.
$18.20B
Total revenue in 2024
Total Spending
All program and operating spending recorded for the fiscal year.
$16.19B
Total spending in 2024
Per Capita Spending
Total spending divided by population. Useful for comparing municipal efficiency across cities.
$5,524 per resident
Annual municipal spending per Toronto resident
Property Tax Per Capita
Total property tax revenue divided by population. Primary revenue source for municipalities.
$1,982 per resident
Property tax revenue per Toronto resident

Toronto Government Workforce

Public Service Employees
44,000
Estimated public service workforce
Ministries + Agencies
9
Government organizations

Sources: Public Accounts of Toronto FY 2024

Methodology

This diagram is based off of the City's Statement of Operations, which can be interpreted as what the City brought in (revenues) and spent (expenses) during the year.

These are sourced from the Consolidated Financial Statements, which is audited by an independent third-party, and Revenues and Expenses Datasheet. The former offered more granular data on the revenue side, while the latter offered more granular data on the expense side.

In cases where there were discrepancies between the audited totals and the sums of the granular data, the audited totals was used as the source of truth, and an "Unreported" line-item was added to ensure totals matched.

Sources

All government spending data is sourced from official databases, but due to the complexity of these systems, occasional errors may occur despite our best efforts. We aim to make this information more accessible and accurate, and we welcome feedback. If you notice any issues, please let us know here — we appreciate it and will work to address them promptly.

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