| 139719 | REPORT | N | N | MAIN | ACTION | ADOPTED | N | Business Improvement Areas (BIAs) - 2025 Operating Budgets - Report 2 | 2025.EC19.7 | Y | Y | Y | Y | <p>The Chief Financial Officer and Treasurer recommends that:</p>
<p> </p>
<p>1. City Council adopt and certify the 2025 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas:</p>
<p> </p>
<table style="margin-left: 27.25pt; border-collapse: collapse; border: none;">
<tbody>
<tr style="height: 39.05pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 39.05pt;" width="260">
<p><span style="color: windowtext;">Business Improvement Area</span></p>
</td>
<td style="width: 115.05pt; border: solid black 1.0pt; border-left: none; padding: 0cm 0cm 0cm 0cm; height: 39.05pt;" width="153">
<p><span style="color: windowtext;"> 2025 Operating<br /> Budget ($)</span></p>
</td>
<td style="width: 123.95pt; border: solid black 1.0pt; border-left: none; padding: 0cm 0cm 0cm 0cm; height: 39.05pt;" width="165">
<p><span style="color: windowtext;"> 2025 Levy Funds<br /> Required ($)</span></p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Bloorcourt Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>442,567</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>224,345</p>
</td>
</tr>
<tr style="height: 26.35pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.35pt;" width="260">
<p>Crossroads of the Danforth</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.35pt;" width="153">
<p>349,432</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.35pt;" width="165">
<p>200,304</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Danforth Mosaic</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>491,661</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>365,883</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Dovercourt Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>23,127</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>8,645</p>
</td>
</tr>
<tr style="height: 26.35pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.35pt;" width="260">
<p>Emery Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.35pt;" width="153">
<p>3,274,791</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.35pt;" width="165">
<p>2,198,151</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Harbord Street</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>35,962</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>22,120</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Marketo District</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>157,188</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>111,000</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Mount Dennis</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>175,395</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>40,406</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Oakwood Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>73,345</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>44,237</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Ossington Avenue</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>186,018</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>82,841</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Queen Street West</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>624,426</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>338,173</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Regal Heights Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>139,527</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>50,497</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Sheppard East Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>253,176</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>202,172</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Trinity Bellwoods</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>176,966</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>57,574</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Village of Islington</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>226,311</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>179,170</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Weston Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>254,814</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>152,814</p>
</td>
</tr>
<tr style="height: 26.25pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="260">
<p>Wilson Village</p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="153">
<p>387,704</p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 26.25pt;" width="165">
<p>356,193</p>
</td>
</tr>
<tr style="height: 27.3pt;">
<td style="width: 194.75pt; border: solid black 1.0pt; border-top: none; padding: 0cm 0cm 0cm 0cm; height: 27.3pt;" width="260">
<p><span style="color: windowtext;">Total</span></p>
</td>
<td style="width: 115.05pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 27.3pt;" width="153">
<p><span style="color: windowtext;">7,272,410 </span></p>
</td>
<td style="width: 123.95pt; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 0cm 0cm 0cm; height: 27.3pt;" width="165">
<p><span style="color: windowtext;">4,634,525</span></p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p>2. City Council elect to have the subclasses for the commercial and industrial property classes apply for 2025, and to apply the respective Business Improvement Area special levy rate reductions to the subclasses, all as set out in Appendix C. </p> | <p>Financing of the Business Improvement Area Operating Budgets is raised by a special levy on the rateable commercial and industrial properties within the respective Business Improvement Area boundaries, accumulated surplus, grants administrated and funded by the city and/or external parties, donations, sponsorships, festival revenues, and other third-party revenues. The Business Improvement Area Office within the Economic Development and Culture Division (EDC) works with the Business Improvement Areas to ensure that all Business Improvement Areas are aware of the available City grant programs.</p>
<p> </p>
<p>The Business Improvement Area operating budgets and changes in levies are board-adopted by the respective Business Improvement Areas’ Boards of Management and General Membership. The 2025 Operating Budgets for the 17 Business Improvement Areas total $7.272 million which requires a special levy in the amount of $4.635 million which is consistent with the special levy from 2024. All of the 2025 Business Improvement Area Operating Budgets submitted for consideration are balanced budgets that are managed independently by the Business Improvement Areas and not economically dependent on the City. Detailed budgets of individual Business Improvement Areas discussed in this report are set out in Appendix A.</p>
<p> </p>
<p>The Business Improvement Area Operating Budgets have provisions set aside for required capital cost-sharing contributions for those capital projects approved in 2024 or prior and carried forward into 2025, as well as new capital cost-share projects in the 2025-2034 Capital Budget and Plan for Economic Development and Culture through the 2025 Budget process.</p>
<p> </p>
<p>The dates at which the 2025 Operating Budgets were adopted by the respective Business Improvement Areas’ Boards of Management and General Membership are provided in Appendix B.</p> | <p>This report brings forward Business Improvement Area (BIA) annual Operating Budget for approval by City Council as required by the City of Toronto Act, 2006. City Council approval is required to permit the City to collect funds through a special levy on the rateable commercial and industrial properties within the respective Business Improvement Area boundaries. Special levy rate reductions for the subclasses have been set out in Appendix C, for properties in the subclasses of the commercial and industrial property classes.</p>
<p> </p>
<p>The Business Improvement Area is an association, independently managed from the City and operated by local businesses and property owners, joining together to organize, finance, and deliver capital streetscape improvements, and to promote economic development in a district with its own governance structure as set out in Chapter 19 of the Toronto Municipal Code and the City of Toronto Act, 2006.</p>
<p> </p>
<p>There are currently 85 established Business Improvement Areas in the City of Toronto. City Council previously approved the 2025 Operating Budgets for 65 Business Improvement Areas through Report 1 at its meeting on February 5, 2025 (Item 2025.CC26.1). Included in this Report 2 is the 2025 Operating Budgets for the 17 Business Improvement Areas for City Council approval. One Business Improvement Area, Historic Queen East, is inactive. The 2025 Operating Budgets for the remaining 2 BIAs will be presented to Council once the board-adopted budgets are available. No City funding is required since the financing of individual Business Improvement Area Operating Budgets is raised by a special levy on the rateable commercial and industrial properties within the respective Business Improvement Area boundaries.</p>
<p> </p>
<p>Under current Chapter 19 of the Toronto Municipal Code, the Business Improvement Areas By-law does not have specific provision requiring a Business Improvement Area maintain a certain amount in their accumulated surplus. Should a Business Improvement Area find itself in a deficit, be dissolved or becomes inactive, City Council has the authority to collect funds required and liabilities including interests, through the Business Improvement Area levy as stipulated under the By-law. If a board is dissolved and the liabilities exceed the assets assumed by the City, Council shall recover the difference.</p>
<p> </p>
<p>The recommendation in this report reflects the board-adopted 2025 Operating Budgets by the respective Business Improvement Areas’ Boards of Management and General Membership. Complete budgets and supporting documentation have been reviewed by City staff to ensure that the 2025 Operating Budgets for Business Improvement Areas reflect Council’s approved policies and practices.</p> | 19 | 7 | CMMTTEE | EC | 2 - Etobicoke Centre, 3 - Etobicoke - Lakeshore, 5 - York South - Weston, 6 - York Centre, 7 - Humber River - Black Creek, 8 - Eglinton - Lawrence, 9 - Davenport, 10 - Spadina - Fort York, 11 - University - Rosedale, 12 - Toronto - St. Paul's, 13 - Toronto Centre, 14 - Toronto - Danforth, 19 - Beaches - East York, 20 - Scarborough Southwest, 22 - Scarborough - Agincourt, 23 - Scarborough North | N | … | Report | ACTION | Adopted | Main | Committee | … | … | … | … | … | … | … | … | … | … | … | … | … | … | … | Decision information not found | false | Adopted | — | — | — | — | 1745380800000 | — | — |