批准2025运营预算方案一及5.86%税务影响预算组合 · 事项说明

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).