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Budget Committee
City of Peterborough
July 24, 2017
Draft Minutes Not Approved
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Minutes of a Meeting of the
Budget Committee held on July 24, 2017 in the Council Chambers, City Hall.
The
Budget Committee meeting was called to order at 5:30 p.m. in the Council
Chambers.
Roll Call:
Confirmation
of Minutes – June 19, and 28, 2017
Moved by
Councillor Baldwin
That the
minutes of the meetings
of Budget Committee held on June 19 and June 28, 2017 be approved.
“CARRIED”
Disclosure
of Pecuniary Interest
There were no
Disclosures of Pecuniary Interest.
Director
of Corporate Services
Report
CPFS17-037
2018
Budget Guideline Report
Moved
by Councillor Pappas
That Council approve the
recommendations outlined in Report CPFS17-037, dated July 24, 2017, of the
Director of Corporate Services, as follows:
a)
That
the Draft 2018 Operating Budget reflect an estimated 1.70% all-inclusive
(Municipal, Education, Sanitary, and Storm Sewer Surcharge) increase for
increased operating costs and traditional support for the capital program.
b)
That
the Draft 2018 Operating Budget reflect an estimated 0.65% all-inclusive
(Municipal, Education, Sanitary, and Storm Sewer Surcharge) increase for
increased support for the sanitary and storm sewer operating and capital costs,
comprised of:
i)
An
annual charge of $14.89 on the property tax bill for the median assessed home
for a Stormwater Protection Surcharge, and
ii)
An
increase in the Sewer Surcharge rate of 2.08% from 95% of the Water Rate to
97.1% of the Water Rate.
c)
That
the Draft 2018 Operating Budget reflect an additional 0.5% all-inclusive
(Municipal, Education, Sanitary, and Storm Sewer Surcharge) increase to fund
the 2018 increase for tax-supported debt charges and any increase to base
capital levy to continue to implement the Capital Financing Policy approved by
Council at its meeting held April 23, 2012.
d) That the revised Tax Ratio Reduction Program
continue for the 2018 Draft Budget and reflects reductions:
i)
to
the Commercial and Industrial Class Tax Ratios but not the Multi-residential
Class, and
ii)
at
the reduced rate established through the 2016 Budget process, and
iii)
for
the Commercial Class only, accelerated by a one-time amount of $300,000.
e)
That
the increase in the Police Services portion of the draft 2018 Operating Budget
reflect no more than the Operating portion of Net Tax Levy increase (estimated
to be 1.7%), and any increase in the net Police Services budget beyond the
estimated Operating Portion of the Net Tax Levy increase be addressed by
Council as part of the detailed 2018 Budget deliberations to occur in November
of 2017.
f)
That
any additional investment proceeds in 2018 from the sale of Peterborough
Distribution Inc., be directed towards enhancing Capital financing, and not be
used for purposes of reduction in net tax levy.
g)
That,
regarding any potential gaming revenues to be received from a Casino in 2018,
the draft budget contain recommendations that will:
i)
Direct
the City’s share of all future municipal gaming revenues towards financing
future Capital works, and not be used for purposes of reduction in net tax levy
in the Operating Budget, and
ii)
Place
any residual Gaming Revenues over and above the amount budgeted in 2018 in a
new Gaming Revenues Reserve to be used to finance future capital works.
h) That the 2018 Highlights Book include a section
on the information gathered through the Public Meeting held on June 28, 2017
and a response to each.
i) That the start time of the public meeting
previously scheduled for 7:00 pm November 22, 2017, be changed to 6:30 pm.
Committee
at its meeting of July 24, 2017 added the following recommendation:
j) That staff provide a report in 2018
identifying the revenue from the PDI investment and the casino and how the
revenue could be used toward the capital budget.
“CARRIED”
Other
Business
There
were no items of Other Business.
Adjournment
Moved
by Councillor Pappas
That this meeting of Budget Committee
adjourn at 5:39 p.m.
"CARRIED"
John
Kennedy
City
Clerk
Councillor
Clarke
Chair