Title
2026 BUSINESS PLAN AND BUDGET - CITY OPERATIONS AND INFRASTRUCTURE INVESTMENT FUNDING PORTIONS
Strong Mayor Budget
This report is being presented by the Finance Department on behalf of Mayor Alex Nuttall in accordance with Section 284.16 of the Municipal Act and Section 7 of Ontario Regulation 530/22.
Operating Budget Approvals
1. That the 2026 tax-supported base operating budget for City operations and the Infrastructure Investment Fund, with gross expenditures of $355.6M and a net property tax levy requirement of $214.5M, be approved.
2. That a Camp Access expense amount and corresponding revenue amount of $35,000 be added to the Recreation & Culture Program Budget for 2026.
City Operations and Infrastructure Investment Funding
3. That the 2026 budget request for City Operations, with a net tax supported municipal funding requirement of $214.5M be approved. 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.
4. That the New Investment and Service Recommendations as outlined on page 15 of the 2026 Business Plan with a gross cost of $1.2M and a net property tax levy requirement of $73K be approved.
5. That the 2026 Water Rate base operating budget, with net expenditures of $37.4M and water rate revenues of $37.4M, and the proposed 2026 Water Rates as outlined in Schedule N of the "Proposed Fee Changes" section of the 2026 Business Plan be approved.
6. That the 2026 Wastewater Rate base operating budget, with net expenditures of $51.3M and wastewater rate revenues of $51.3M, and the proposed 2026 Wastewater Rates as outlined in Schedule N of the "Proposed Fee Changes" section of the 2026 Business Plan be approved.
7. That the 2026 Parking Rate base operating budget, with net expenditures of $2.5M and parking rate revenues of $2.5M, and the proposed 2026 Parking Rates as outlined in Schedule O of the "Proposed Fee Changes" se...
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