TORONTO, Jan. 16, 2013 /CNW/ - After 12 years in the making, Toronto City Council has directed the billboard tax to arts and culture. Starting with an investment of $6 million in 2013, City Council has committed to a 4 year plan to increase Toronto's yearly arts investment by $17.5 million and meet the long sought $25 per-capita commitment. This will be accomplished by utilizing a $22.5 million arts and culture reserve created from billboard tax revenue.
Council voted to meet the benchmark of $25 per-capita in 2003 under Lastman, in 2010 under Miller and in 2011 under Mayor Ford. Despite this, Toronto is (currently) last among comparable Canadian cities in per-capita arts investment. The billboard tax has enabled the city to finally act to bring arts funding up to competitive levels.
"It is a fantastic day for the arts in Toronto. There is going to be increased support for young people across the city, our public spaces will be rejuvenated and our economic vitality as a city will be strengthened. Thank you to everyone who made this possible."
Devon Ostrom, Co-founder of BeautifulCity.ca
Photos Albums and Quotes from Councillors
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