Toronto – The City of Toronto has reached an agreement to continue to provide recycling collection services to the residents of Toronto throughout the transition of Ontario’s Blue Box Program to Extended Producer Responsibility (EPR), which will take place from July 1, 2023 to December 31, 2025. As part of the agreement, the City will also continue to provide transfer …
Investments in housing, transit, emergency services, public safety
Toronto – City of Toronto’s rate and tax-supported 2023 operating and capital budgets were tabled at Budget Committee for consideration, review and recommendation. The proposed budgets protect frontline services in the face of a challenging financial year and make much-needed investments in housing, transit, emergency services and public safety while managing affordability by keeping property tax and user fee increases …
City Council approves rates, fees for services, Toronto Water
Toronto – Toronto City Council approved a planned three per cent increase to rates and fees for Solid Waste Management Services and Toronto Water. The rates and fees will take effect Sunday, January 1, 2023 and are considered interim until the City of Toronto’s 2023 rate-supported operating and capital budgets are approved next year. These below inflation increases now will …
Wildlife cadaver pick-up boosted in Toronto
Toronto – The City of Toronto is taking immediate action to address the number of service requests related to raccoon distemper and wildlife cadaver pick-up across Toronto. Starting immediately, additional Toronto Animals Services staff have been assigned to assist with the backlog and decrease response times. Beginning next week, the City will also deploy additional staff resources from Solid Waste …
Funding strategic capital projects
Toronto – City of Toronto issued its second debenture in 2022 for $365 million to help finance key capital projects 7. This debenture issuance has an all-in cost of 4.354 per cent. This conventional bond issue, with a 30-year maturity and a coupon interest rate of 4.30 per cent, will mature on June 1, 2052. It was issued on May …