City Council - December 9, 2024 - Minutes - City of Richmond, BC

R24/21-10 It was moved and seconded That: ( 1 ) The 2025 Proposed Operating Budget as presented in Budget Option 1 for a total of 5.86% be approved as outlined below: ( a ) A same level of service budget increase of $6,115,400 after tax growth with a tax increase of 1.99% be approved; and ( b ) Ongoing funding for expenditures previously approved by Council totaling $5,675,000 as presented in Table 11 on page 22 with a tax increase of 1.85% be approved; and ( c ) Emerging organizational additional levels in the amount of $2,647,135 as presented in Attachments 9, 10, 11, and 12 of the staff report titled 2025 Proposed Operating Budget with a tax increase of 0.86% be approved; and ( d ) The Rate Stabilization Account be used to pay for the one-time initial capital costs for the recommended additional levels from Attachment 11 and 12 totaling $246,688 be approved; and ( e ) Transfer to reserves for Investment in Community Facilities as per Council’s Long Term Financial Management Strategy in the amount of $3,066,765 with a tax increase of 1.00% be approved; and ( f ) Senior level government and other government agency increase of $2,121,638 with a tax increase of 0.69% be approved; and ( g ) Use of reserves for program expenditures for Affordable Housing, Child Care and Public Art programs of $1,442,191 as presented in Attachment 8 on page 59 be approved; and ( h ) Operating budget impacts totalling $368,774 with a tax increase of 0.12% be approved; and ( i ) The Rate Stabilization Account be used to reduce the overall impact of additional operating costs for a total of $2,000,000 resulting in a tax decrease of 0.65% be approved; and ( 2 ) The 2025 Operating Budget as approved be included in the Consolidated 5 Year Financial Plan (2025-2029). The question on the motion was not called as discussion took place on reducing the proposed tax increase, and as a result an amendment motion to reduce the tax increase in the 2025 Proposed Operating Budget to 5.55%, using funds from the Rate Stabilization Account was introduced, but failed to receive a seconder. In reply to queries from Council, staff advised that (i) the budget is examined all year round and feedback from residents and Council are considered, (ii) this year was challenging due to the collective agreements being ratified and decrease in inflation, (iii) to keep the same level of service staff embark on determining cost reductions, other areas of reduction and revenue increases, (iv) the Steveston Community Centre project is a capital project so it does not impact the operating budget, and (v) in the 2025 tax dollar breakdown, a 1% transfer to reserves is included in the Project Development and Facility Services. The question on the motion was then called and it was CARRIED with Cllrs. Au and Wolfe opposed.

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