[2][3] The second flag was adopted in 1994, and replaces the Fort Industry symbol with the newly updated city seal of Toledo.

The sun is seen rising on Fort Industry in the seal making the water of the Maumee river and the sky appear yellowish brown.

Just above the flagpole is the Toledo's motto in Latin, "LABORARE EST ORARE", which in English translates to, "to work is to pray".

While there was hope within the mayor's administration that the flag would be officially launched by April 2023, this did not happen, partly because of concerns over a lack of public participation.

[8] The 2022 Proposal consists of two equal sections cut diagonally in a upwards motion with the top being white and the bottom being light blue, representing the Maumee River.

The eight points on this star represent the historic and current industries of Toledo: Agriculture, Automotive, Glass, Transportation, Arts, Education, Energy, and Healthcare.