Toronto Launches 2026 Budget Process, Opening Public Hearings Citywide
Toronto’s 2026 budget process formally began on January 8, when the City’s Budget Committee met at City Hall to launch the 2026 Operating Budget and the 2026–2035 Capital Budget and Plan. Chaired by Councillor Shelley Carroll, the meeting marked the first step in determining how public funds will be allocated across municipal services, infrastructure projects, and community supports over the coming year and beyond. For neighbourhoods like Regent Park—where residents rely heavily on publicly funded housing, transit, recreation, and social services—the budget process plays a critical role in shaping everyday life. The committee’s first agenda item was a presentation from City staff, including the City Manager and the Chief Financial Officer and Treasurer. The presentation outlined the City’s overall financial outlook for 2026, key budget pressures facing municipal services, and long-term capital planning extending through 2035. City officials also highlighted the balance the City must st...