Toronto increases tax support for water and waste services
The City of Toronto is investing in its water and waste management services, through a series of rate-supported budgets.
"The increase will balance fiscal constraints and maintain critical progress on waste diversion initiatives, operational improvements and capital investments in state of good repair," states the city in a November 6 press release.
The proposed Toronto Water budget recommends a rate increase of 8 per cent during 2016. This increase, which is part of a multi-year budget and infrastructure renewal program, is expected to generate an estimated $1.158 billion in revenue.
The money will go towards water and sewer main replacement and rehabilitation work, continued enhancement to Toronto’s drinking water and wastewater treatment facilities, and expanding the Wet Weather Flow Master Plan.
The rate-supported budget will allow Toronto Water to tackle the city’s aging infrastructure while continuing to supply reliable drinking water to residents who rely on the network, says the press release.
Toronto's budget for Solid Waste Management Services will see an increase of 3 percent. "The increase will balance fiscal constraints and maintain critical progress on waste diversion initiatives, operational improvements and capital investments in state of good repair," according to the PR. The capital budget for 2016 is $96.51 million, the first year of a 10-year capital plan that requires funding of $1.06 billion.