01/20/2015 09:13 EST | Updated 03/22/2015 05:59 EDT

Mayor John Tory tables budget with 2.25% property tax increase

Toronto Mayor John Tory tabled an operating budget Tuesday morning he says balances "prudence" and "caring investments" and includes a 2.25 per cent property tax increase. The increase for 2015 amounts to 2.75 per cent when the levy for the Scarborough subway is taken into account.

"This budget is focused on getting Toronto moving, putting people first and keeping taxes low," said Tory.

Tory said he's very optimistic the budget will pass in March.

The tabled budget also includes:

- 181 new homeless shelter beds.

- A request from Tory that all city departments find internal savings of two per cent for next year's budget, which amounts to about $80 million.

- An extra $433 million to fix the Gardiner Expressway, a moved that will speed up the project by eight years.

- $5 million more for emergency services response. This includes 56 new paramedics and two superintendents to improve response time.

More to come