That the following recommendations be referred to the December 2, 2021 City Council meeting:
- That the 2022/23 operating budget be approved at a gross expenditure budget of $481,067,796 and $500,734,742 with a 2022 property tax and payment-in-lieu of taxes levy requirement of $277,380,693 or 3.64 per cent over 2021 and a 2023 property tax and payment-in-lieu of taxes levy requirement of $293,153,601 or 4.69 per cent over 2022 inclusive of the following:
- 2022-23 fees, rates and charges, and inclusive of:
- A stormwater base charge of $7.00 per month equivalent residential unit or 9.37 per cent increase over 2021 and $7.60 per month equivalent residential unit or 8.57 per cent increase over 2022.
- A water and wastewater basic service charge for each of 2022 and 2023 equivalent to 2021 rates.
- A water volume charge of $1.87 per cubic meter, or 2.75 per cent increase over 2021 and $1.95 per cubic meter, or 4.28 per cent increase over 2022.
- A wastewater volume charge of $1.99 per cubic meter or 2.58 per cent increase over 2021 and $2.05 per cubic meter or 3.02 per cent increase over 2022.
- City service budget requirement, net of proportionate share of assessment growth, totaling an increased net levy requirement in 2022 of $5,570,312 or 2.10 per cent, and in 2023 of $7,905,919 or 2.85 per cent.
- Local Boards and Shared Services budget requirement, net of proportionate share of assessment growth, totaling an increased net levy requirement in 2022 of $4,066,841 or 1.53 per cent, and in 2023 of $5,093,182 or 1.84 per cent.
- Total transfers to/from Reserve and Reserve Funds in each of 2022 and 2023 in accordance with the reserve and reserve fund summary.
- No additional investment beyond base funding available for the Strategic City Building Investment Summary items.
- That the Guelph General Hospital levy in the amount of $750,000 be budgeted for the second of six years as approved on December 3, 2019, resulting in a net levy increase of 0.29 per cent.
- That the 2024–2025 operating budget forecast be received for information.
- That the 2022-2023 Capital Budget in the gross expenditure amount of $141,423,650 and $161,907,150 respectively and the required operating budget resulting from these projects totaling $2,099,910 and $919,340 respectively be approved, inclusive of the following:
- Funding transfers from capital reserve funds and other sources including partnerships and grants in each of 2022 and 2023.
-
Available city building reserve funding will be applied to capital projects in prioritized order as listed in the Strategic City Building Investment Summary.
- That the 2024-2031 Capital Forecast in the gross amount of $1,736,763,840, be received for information with the following implications:
- Operating budget impact from this forecast totaling $8,417,210.
- A City Building Reserve Fund will reach a deficit position of $34.2 million by 2031.
- A 100RE Reserve Fund deficit position of $15.6 million by 2031.
- A debt forecast that leverages the City’s available capacity in the eight-year period.
- That the Downtown Guelph Business Association 2022 and 2023 budget with gross expenditures of $699,252 and $719,512 respectively, and a total levy of $660,000 and $679,800 respectively be approved.
- That the Health Care Spending (Fire) Reserve (#103), the Evergreen Donation Bequest Reserve Fund (#134) and the Community Paramedicine Reserve Fund (#348) be created, and that the name of Federal Gas Tax Reserve Fund be updated to the Canada Community-Building Reserve Fund (#343) and Appendix A of the Reserve and Reserve Fund Policy be amended accordingly.