Here's a little analysis on the Toronto budget, based on some second-hand, hard-copy sources.
On the weekend, the Toronto Star had a useful budget primer that I can't seem to find online. I'm also working from the booklet that was handed out at the public budget consultation.
Some analyses talk about the city of Toronto having a $6.5 billion dollar budget -- the sixth largest government budget in Canada, after the federal government, Ontario, Quebec, BC, and Alberta. However, looking at this budget doesn't give you a clear idea of where your taxes go, because some of the budget items are offset by provincial grants or user fees. For example, public transit represents 14% of the overall budget because it cost $908.9 million in 2003. However, fares totalled $727 million, and so the city only had to give transit $182 million.
So, here's where your property taxes go, after user fees (like TTC fares) and provincial grants are excluded:
The city raised (in 2003) about $2.86 billion in property taxes. The numbers above are from a graph (in the booklet) titled "How your tax dollars worked for you in 2003". I saw it once online, but can't find it anymore.
Remember, the city has a $344 million shortfall -- which represents 12 percentage points on this list. Also remember that some of these list items can't really be touched -- debt payments are mandatory and most of the social services are provincially mandated.