2016-2019 budget deliberations 01282016 final - january 28 ... · 2016‐2019 multi‐year budget...
TRANSCRIPT
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Stay in Touch
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Call Financial Planning & Policy at 519‐661‐4638
www.buildabudget.ca
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2016‐2019 Multi‐Year Budget Timetable
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What / Where Tentative DateBudget Tabling / SPPC at 4pm January 11th
Build A Budget Workshop / Goodwill from 10am‐12pm January 16th
Build A Budget Workshop / Goodwill from 6pm‐8pm January 20th
1st Public Participation Meeting / SPPC at 4pm January 21st
Review of Operating & Capital Base Budgets / Immediately following SPPC at 4pm (11pm hard stop) January 28th
Review of Operating & Capital Base Budgets (Board & Commission Focus) / SPPC from 8am‐12:30pm (hard stop)
January 29th
Review of Strategic Investments / SPPC at 9am February 18th & 19th
2nd Public Participation MeetingReview of Water & Wastewater Budgets Additional Property Tax Review ‐ If Needed / SPPC at 4pm
February 24th
Additional Budget Review ‐ If Needed / SPPC at 4pm February 25th
Council Approval Of The 2016‐2019 Budget / Council at 4pm March 10th
Potential Service Review
Savings
42016 2017 2018 2019
0.4%
2.5%
0.7%
2.6%
3.5%
3.1% ‐ Potential Average Annual increase
0.7%
2.7%
2.6%
2.9% ‐ Average annual target (upper limit)
2.6% ‐ Average Annual increase (Base budget ‐ starting point)
0%
0.4%
2016‐2019 Budget
• Consider the average impact over the four years
• Stick to financial principles• Take a measured approach to
reductions to base• Carefully consider pace of strategic
initiatives
Multi‐Year Budget Key Considerations
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Key Consideration 1:Base Budget
Key Consideration 2:
Strategic Investments
Requested Tax Levy From Rates
RECOMMENDED By Administration
For CONSIDERATIONBy Council
POTENTIAL Tax Levy
Avg. Annual Increase Of2.6% or $14.0 million
Avg. Annual Increase Of0.5% or $3.0 million
Avg. Annual Increase Of3.1% or $17.0 million
1. Culture Services
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Service area to be discussed January 29th
2. Economic Prosperity
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Service area to be discussed January 29th
3. Environmental Services
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Service area to be discussed January 29th
4. Parks, Recreation & Neighbourhood Services
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5. Planning & Development Services
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6. Protective Services
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Service area to be discussed January 29th
7. Social & Health Services
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Service area to be discussed January 29th
8. Transportation Services
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Service area to be discussed January 29th
9. Corporate, Operational & Council Services
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10. Financial Management
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11. Lifecycle Renewal Capital Budget
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11. Growth Capital Budget
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11. Service Improvement Capital Budget
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