Toronto city councillors have approved a recommendation to raise their own salaries by 24 percent.
Councillors voted 15 to 8 in favour of the increase that would see each member’s 2025 pay go up from the current $137,537 to $170,588, which includes base salary as well as bonuses, travel and car expenses, board and committee fees paid by the city, and other forms of financial remuneration.
An adjustment of 2.81 percent for inflation is included in this raise of over $33,000.
The pay raise, which will cost the city $956,816, is based on a staff report by the city’s People & Equity division produced with assistance from third-party adviser Korn Ferry….