Toronto District School Board
Skip to main content

Developing the 2022-2023 Budget

Latest Budget News

October 28, 2021 – This week, the Ministry of Education released the 2022-23 Education funding guide to school boards. We want to hear from you regarding your education funding priorities. Please complete the TDSB’s Education Funding Feedback form by November 19, 2021. Your feedback will help inform the TDSB budget consultation submission to the Ministry. Staffwill incorporate feedback into the draft submission for review and approval at the December 2021 Finance, Budget & Enrolment Committee meeting, prior to the submission to the Ministry.
October 22, 2021 – Read Chair Alexander Brown’s letter to the Minister of Education requesting adequate pandemic funding support.


The Budget Process

In the spring of each year, the Ministry of Education announces revisions to education funding (Grants for Student Needs) and the amounts that school boards will receive for the coming year. Funding for education is determined through a set of provincial benchmark costs for the major components of education operations, as well as the number of students. By law, school boards are required to balance their budgets by June 30. TDSB Trustees and staff work together to create a balanced budget that best supports the achievement and well-being of all students within the funding provided by the province.

The TDSB’s annual operating budget is approximately $3.5 billion and we are committed to using these resources as responsibly and effectively as possible. However, the funding provided by the government does not fully meet the needs of students in Toronto. In addition, the COVID-19 pandemic continues to have a significant impact on the TDSB budget into next year. Read more about the TDSB’s request for adequate pandemic funding support in Chair Alexander Brown’s letter to the Minister of Education.

As the largest and most diverse school board in the country, the TDSB has a unique set of needs when it comes to what is required to best support our students and communities. To ensure that we continue to support all students, we developed the Multi-Year Strategic Plan to set direction and identify system goals. The focus of the Multi-Year Strategic Plan is to ensure that every student has equitable access to programs and resources, and increased opportunities that lead to success.


Finance, Budget & Enrolment Committee Meetings

The Finance, Budget and Enrolment Committee (FBEC) meetings are currently held virtually and broadcast live to the public. Please note, the schedule of meetings below may change during the budget process.

Date Budget Milestone Reports Meeting Webcast
October 13, 2021 Update on 2021-22 Staffing Allocation

School Condition and Capital Update
Agenda Recorded Webcast
November 2, 2021 Ministry of Education Budget Consultation

Update on Pandemic Funding and Costs

Major Capital Projects and COVID-19 Resilience Infrastructure Stream Funding status Update
Agenda Recorded Webcast
Finalize 2022-23 Strategic Budget Drivers

Three-year Financial Projections and Budget Strategy

Update on Provincial Consultation on 2022-23 Budget

Three-year Enrolment Forecast Finalize Public Consultation Plan on 2022-23 Budget

2021-22 First Quarter Financial Report



Update on Grants for Student Needs Announcement from Ministry (if available)    
Presentation and Approval 2022-23 School-based Staffing Allocation

Update on Grants for Student Needs Announcement from Ministry (if available)
Staff Analysis of Grants for Student Needs with Release of Detailed Budget Working Papers (if available)

Capital Revenue Analysis based on GSN Announcement (if available)

Update to Financial Projection based on Grants for Student Needs and Recommended Options to Balance (if available)

2021-22 Second Quarter Financial Report
Presentation of 2022-23 Operating and Capital Budget - Draft Report    
Approval of Operating and Capital Budget for Submission to Ministry    
© 2021 Toronto District School Board  |  Terms of Use  |  Privacy   |  CASL