Receive the Mayor’s 2024 Operating Budget with a proposed net tax levy amount of $243,400,298, and present the budget to the Nov. 21 and Nov. 23 (if required) CSSRA - Budget Committee for review and any amendments made by Council; and
Receive the Mayor’s 2024 Capital Budget with a gross amount of $88,556,830, a debenture requirement of $6,900,000, and the 2025-2033 capital forecast with a gross amount of $859,123,570, and a debenture requirement of $24,950,000 as outlined in the 2024 Financial Needs and Multi-Year Forecast (F-35-23) as amended by Council; and
Administer the debenture in the amount of $6,900,000 in 2024 as tax supported debt; and
Incorporate the 2024 financial needs and multi-year forecast overview (F-35-23) and accompanying reference document into the Mayor’s 2024 Budget, as amended and noted; and
Approve that any surplus or deficit resulting from a difference between the actual net assessment growth and the estimated 0.75% net assessment growth be transferred to/from the Tax Rate Stabilization Reserve Fund; and
Declare that, in accordance with sis. 5(1)5 of the Development Charges Act, 1997 and s. 5 of Ontario Regulation 82/98, it is council’s clear intention that the excess capacity provided by the above-referenced works will be paid for by future development charges.