"This budget will allow us to keep building on the progress of the last year," said Toronto Police Chief Myron Demkiw in a news release.
"This trend continues to increase and the resources required are substantial," he told the board.
The increase will also help support a five-year hiring plan, paying to recruit 109 additional new uniformed officers next year.
A breakdown of the budget by service areas indicates the majority of the money will go toward 911 responses and patrol (41 per cent) along with investigation and victim support (35 per cent).
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