The City is building the 2027-2030 budget this year, which will decide the services and service levels we provide, the construction projects we build, and the taxes and user fees you pay.
On January 27, 2026, Council heard about 3 reports connected to the next 4-year budget:
- 2027-2036 Capital Investment Outlook (CIO)
- 2027-2036 Operating Investment Outlook (OIO)
- Budget Planning Process
The CIO and the OIO are an important step in building the next 4-year budget because they give a long-term forecast of the City’s revenues, expenses, challenges and opportunities.
The CIO is focused on the City’s renewal gap:
- The City has $39.8 billion of infrastructure (such as fire halls, bridges, rec centres, roads, parks) and is facing a significant challenge to maintain it due to the growing number and age of its assets.
- There’s a $10 billion gap between available funding and what it would cost to maintain City infrastructure to its ideal level.
- This is a key challenge of a growing city. We’ll have to focus on using available funding to renew the most critical infrastructure projects.