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NEWS TOPIC

# City budget

2 stories, newest first. Times are Eastern.

## Thursday, November 5

Long readLong read

### [Toronto faces a $1.12-billion budget gap as Province ends its funding deal](https://voche.me/on/toronto-2026/news/toronto-budget-shortfall-province-funding-november-2026)

Ontario Premier Doug Ford said on November 4 there will be no second funding deal with Toronto, leaving the City to find $1.12 billion on its own before its 2027 budget.

8:26 am ET5 min read

## Tuesday, October 27

Reported

### [Chow wins second term facing $1.1 billion budget gap and expiring Ontario deal](https://voche.me/on/toronto-2026/news/chow-budget-ontario-deal-property-tax-october-27)

Toronto's re-elected mayor says she will keep property tax increases near the rate of inflation as she prepares to negotiate a new funding deal with the province.

10:29 pm ET3 min read

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