Item - 2022.EC27.2

Tracking Status

City Council adopted this item on February 2, 2022 without amendments and without debate.
This item was considered by the Economic and Community Development Committee on January 21, 2022 and adopted without amendment. It will be considered by City Council on February 2, 2022.

EC27.2 - Business Improvement Areas (BIAs) - 2022 Operating Budgets - Report 1

Decision Type:: ACTION

Status:: Adopted on Consent

Wards:: 1 - Etobicoke North, 3 - Etobicoke - Lakeshore, 4 - Parkdale - High Park, 5 - York South - Weston, 6 - York Centre, 8 - Eglinton - Lawrence, 9 - Davenport, 10 - Spadina - Fort York, 11 - University - Rosedale, 12 - Toronto - St. Paul's, 13 - Toronto Centre, 14 - Toronto - Danforth, 15 - Don Valley West, 20 - Scarborough Southwest, 21 - Scarborough Centre

City Council Decision

City Council on February 2 and 3, 2022, adopted the following:

1. City Council adopt and certify the 2022 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas:

Business Improvement Area	2022 Operating Budget ($)	2022 Levy Funds Required ($)
Albion Islington Square	293,059	186,293
Bayview Leaside	299,313	193,377
Bloor by the Park	84,146	78,606
Bloor West Village	598,832	412,704
Bloorcourt Village	270,292	203,489
Bloordale Village	232,644	147,522
Broadview Danforth	345,289	301,110
Cabbagetown	589,454	390,954
Chinatown	840,080	543,985
Church-Wellesley Village	566,415	269,752
College Promenade	305,356	234,253
College West	37,608	22,384
Crossroads of the Danforth	360,798	142,399
Downtown Yonge	3,851,125	2,995,325
DuKe Heights	4,126,840	3,135,317
Dupont by the Castle	147,385	137,841
Fairbank Village	316,473	213,473
Financial District	1,855,506	1,305,554
Forest Hill Village	335,148	196,932
Gerrard India Bazaar	211,333	157,956
GreekTown on the Danforth	1,487,331	424,900
Hillcrest Village	239,168	207,778
Junction Gardens	517,363	344,080
Kensington Market	227,226	204,967
Lakeshore Village	108,448	99,822
Lawrence Ingram Keele	250,445	189,988
Leslieville	276,940	167,500
Liberty Village	508,739	394,762
Little Italy	631,392	383,518
Little Portugal on Dundas	679,684	245,196
Midtown Yonge	223,244	164,463
Mount Pleasant Village	309,033	220,447
Oakwood Village	72,721	37,929
Ossington Avenue	142,317	70,886
Pape Village	122,530	96,041
Parkdale Village	268,644	232,907
Riverside District	309,217	200,239
Roncesvalles Village	718,868	323,910
Rosedale Main Street	277,168	239,022
ShopTheQueensway.com	222,491	159,501
St. Clair Gardens	110,301	88,286
St. Lawrence Market Neighbourhood	1,728,245	1,351,043
The Eglinton Way	415,526	290,037
The Kingsway	376,834	241,272
The Waterfront	2,490,027	1,890,913
Toronto Downtown West	3,411,157	3,085,760
Village of Islington	258,805	150,230
West Queen West	378,856	344,116
Weston Village	315,517	144,038
Wexford Heights	625,050	242,331
Yonge + St. Clair	739,047	578,824
Yonge Lawrence Village	259,780	209,968
Total	34,369,210	24,293,900

Background Information (Committee)

(January 7, 2022) Report from the Chief Financial Officer and Treasurer on Business Improvement Areas (BIAs) - 2022 Operating Budgets - Report 1
https://www.toronto.ca/legdocs/mmis/2022/ec/bgrd/backgroundfile-174894.pdf
Appendix A - Summary of 2022 Operating Budget by Business Improvement Area
https://www.toronto.ca/legdocs/mmis/2022/ec/bgrd/backgroundfile-174895.pdf
Appendix B - Status of Business Improvement Area 2022 Operating Budget Approvals
https://www.toronto.ca/legdocs/mmis/2022/ec/bgrd/backgroundfile-174916.pdf

EC27.2 - Business Improvement Areas (BIAs) - 2022 Operating Budgets - Report 1

Decision Type:: ACTION

Status:: Adopted

Wards:: 1 - Etobicoke North, 3 - Etobicoke - Lakeshore, 4 - Parkdale - High Park, 5 - York South - Weston, 6 - York Centre, 8 - Eglinton - Lawrence, 9 - Davenport, 10 - Spadina - Fort York, 11 - University - Rosedale, 12 - Toronto - St. Paul's, 13 - Toronto Centre, 14 - Toronto - Danforth, 15 - Don Valley West, 20 - Scarborough Southwest, 21 - Scarborough Centre

Committee Recommendations

The Economic and Community Development Committee recommends that:

1. City Council adopt and certify the 2022 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas:

Business Improvement Area	2022 Operating Budget ($)	2022 Levy Funds Required ($)
Albion Islington Square	293,059	186,293
Bayview Leaside	299,313	193,377
Bloor by the Park	84,146	78,606
Bloor West Village	598,832	412,704
Bloorcourt Village	270,292	203,489
Bloordale Village	232,644	147,522
Broadview Danforth	345,289	301,110
Cabbagetown	589,454	390,954
Chinatown	840,080	543,985
Church-Wellesley Village	566,415	269,752
College Promenade	305,356	234,253
College West	37,608	22,384
Crossroads of the Danforth	360,798	142,399
Downtown Yonge	3,851,125	2,995,325
DuKe Heights	4,126,840	3,135,317
Dupont by the Castle	147,385	137,841
Fairbank Village	316,473	213,473
Financial District	1,855,506	1,305,554
Forest Hill Village	335,148	196,932
Gerrard India Bazaar	211,333	157,956
GreekTown on the Danforth	1,487,331	424,900
Hillcrest Village	239,168	207,778
Junction Gardens	517,363	344,080
Kensington Market	227,226	204,967
Lakeshore Village	108,448	99,822
Lawrence Ingram Keele	250,445	189,988
Leslieville	276,940	167,500
Liberty Village	508,739	394,762
Little Italy	631,392	383,518
Little Portugal on Dundas	679,684	245,196
Midtown Yonge	223,244	164,463
Mount Pleasant Village	309,033	220,447
Oakwood Village	72,721	37,929
Ossington Avenue	142,317	70,886
Pape Village	122,530	96,041
Parkdale Village	268,644	232,907
Riverside District	309,217	200,239
Roncesvalles Village	718,868	323,910
Rosedale Main Street	277,168	239,022
ShopTheQueensway.com	222,491	159,501
St. Clair Gardens	110,301	88,286
St. Lawrence Market Neighbourhood	1,728,245	1,351,043
The Eglinton Way	415,526	290,037
The Kingsway	376,834	241,272
The Waterfront	2,490,027	1,890,913
Toronto Downtown West	3,411,157	3,085,760
Village of Islington	258,805	150,230
West Queen West	378,856	344,116
Weston Village	315,517	144,038
Wexford Heights	625,050	242,331
Yonge + St. Clair	739,047	578,824
Yonge Lawrence Village	259,780	209,968
Total	34,369,210	24,293,900

Origin

(January 7, 2022) Report from the Chief Financial Officer and Treasurer

Summary

This report brings forward Business Improvement Area (BIA) annual Operating Budgets 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 tax levy on the commercial and industrial properties within the respective BIA boundaries.

There are currently 85 established BIAs in the City of Toronto, of which 52 BIAs 2022 Operating Budgets are submitted for City Council approval through this report. No City funding is required since the financing of Business Improvement Area Operating Budgets is raised by a special levy on the commercial and industrial properties within the respective BIA boundaries.

The recommendation in this report reflects the board-adopted 2022 Operating Budgets by the respective BIAs' Boards of Management and General Membership. Complete budgets and supporting documentation have been reviewed by City staff to ensure that the 2022 Operating Budgets for BIAs reflect Council's approved policies and practices.

Covid-19 impacts, including reduced levels of activity/expenditures, resulted in significantly increased net contributions to accumulated surplus reserves for most BIAs during 2021. Accordingly, most BIAs have been able to budget for withdrawals from the same reserves to minimize or eliminate BIA levy increases for 2022.

Background Information

Motions

Motion to Adopt Item moved by Councillor Mark Grimes (Carried)

Item - 2022.EC27.2

Tracking Status

City Council consideration on February 2, 2022

EC27.2 - Business Improvement Areas (BIAs) - 2022 Operating Budgets - Report 1

City Council Decision

Background Information (Committee)

Economic and Community Development Committee consideration on January 21, 2022

EC27.2 - Business Improvement Areas (BIAs) - 2022 Operating Budgets - Report 1

Committee Recommendations

Origin

Summary

Background Information

Motions