The City of Toronto’s Shelter, Support and Housing is set to take a massive $128 million cut in housing and homelessness investments in the draft 2013 budget – down from $793 million in 2012 to $665 million in the coming year. The 2012 budget had, in turn, a $130 million cut from its approved budget of $923 million in 2011. That adds up to a 16% cut in this year – 28 percent cut over two years (a loss of $258 million).
Read our flip sheet on Building Better Budgets for Toronto – Housing.