|
Budget
Committee Minutes
City
Of Peterborough
June
18, 2012
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Minutes of a Meeting of Budget
Committee Held on June 18, 2012, in the Council Chambers, City Hall
The Budget Committee meeting was called to order at 6:01
p.m. in the Council Chambers.
Roll Call:
Minutes
– April
4, 2012
Moved by
Councillor Pappas
That
the minutes of the Budget Committee meetings held on April 4, 2012 be approved.
Disclosure of Pecuniary
Interest
There were no
declarations of pecuniary Interest.
Director of Corporate Services
Report CPFS12-039
2013
Budget Guidelines
Moved by Councillor Parnell
That Council approve the
recommendations outlined in Report CPFS12-039, dated June 18, 2012, of the
Director of Corporate Services, as follows:
a)
That
the Draft 2013 Operating Budget reflect a 2% all-inclusive (Municipal,
Education and Sewer Surcharge) tax increase for increased operating costs and
traditional support for the capital program.
b)
And
that the draft 2013 Draft Operating Budget reflect an additional 1%
all-inclusive (Municipal, Education and Sewer Surcharge) tax increase to fund
the 2013 increase for tax-supported debt charges and capital levy to implement
the new Capital Financing Policy approved by Council at its meeting held April
23, 2012.
c)
That
the 2013 Draft Budget reflect reductions to the Commercial and Industrial
Classes Tax Ratio in accordance with the Tax Ratio Reduction Program but not
the Multi-residential Class.
d) That if the 2013
Police Services Budget submitted by the Board cannot be accommodated within the
2% general increase without significantly impacting other areas of the budget,
staff report back to Council for further direction before the draft budget is
submitted
“CARRIED"
Other
Business
There was no
Other Business
Adjournment
Moved by Councillor
Pappas
That this meeting
of Budget Committee adjourn at 6:27 p.m.
“CARRIED"
John Kennedy
City Clerk
Councillor H. Clarke
Chair