Title
2025 BUSINESS PLAN AND BUDGET - CITY OPERATIONS AND INFRASTRUCTURE INVESTMENT FUNDING PORTIONS
Operating Budget Approvals
1. That the 2025 tax-supported base operating budget for City operations and the Infrastructure Investment Fund, with gross expenditures of $342.6 million and a net property tax levy requirement of $197.8 million, be approved
City Operations and Infrastructure Investment Funding
2. That the 2025 budget request for City Operations, with a net tax supported municipal funding requirement of $197.8 million (for the average assessed residential property this represents a 0% tax rate increase for City operations and a 2% increase associated with Infrastructure Investment Funding), be approved.
3. That the New Investment and Service Recommendations as outlined on page 20 of the 2025 Business Plan with a net cost of $1.9 million (operating) and $74 thousand (capital) and a net property tax levy requirement of $701 thousand with additional funding of $41 thousand from the water rate, $14 thousand from the wastewater rate, $649 thousand from capital projects and $454 thousand from reserves, be approved.
4. That the Water base Operating Budget, with gross expenditures of $34.2 million and revenues of $34.2 million, and the proposed 2025 Water Rates as outlined in Schedule N of the "Proposed Fee Changes" section of the 2025 Business Plan be approved.
5. That the Wastewater base Operating Budget, with gross expenditures of $46.5 million and revenues of $46.5 million, and the proposed 2025 Wastewater Rates as outlined in Schedule N of the "Proposed Fee Changes" section of the 2025 Business Plan be approved.
6. That the Parking Operations base budget, with gross expenditures of $2.4 million and gross revenues of $2.4 million, and the proposed 2025 Parking Rates as outlined in Schedule O of the "Proposed Fee Changes" section of the 2025 Business Plan be approved.
7. That pursuant to Ontario Regulation 284/09, Staff Report EMT005-24 serve as ...
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