Toronto’s published 2022 budget was ~$15.2B (from open data listing — formal presentation was $15B), with equal revenues and expenditures balancing to $0 (zero). I’ve seen senior reporters and civil society members report to the public and their constituents that this budget represents the day-to-day costs of running the City, when in fact it includes much more than that with unconventional inclusions. Following is a rough* listing of these inclusions.
For budgeted revenues if you take out
- contributions from reserves of $602M and contributions from capital of $207M (from open data: source; those aren’t revenues),