2018-2022 Financial Plan

FINANCIAL PLAN HIGHLIGHTS

Staff prepared departmental business plans in line with Council’s priorities and a Financial Plan was developed to allocate resources in a way that best supported the corporate direction. Financial Plan highlights are listed below:

 General Purpose Property Tax Increase – 1.90% in 2018 and 2.00% per year in 2019 through 2022.  Infrastructure Sustainability Property Tax Increase – 0.70% per year.  Parks, Recreation & Culture Property Tax Increase – 0.25% per year.  Parks and Recreation Facilities Tax Increase – 0.35 per year for seven years  Storm Water Property Tax Increase – 0.30% per year.

 Growth in Property Tax Revenue Assumption – 2.00% per year.  Incremental Adjustments as outlined on page 43.  Provision for costs associated with growth, new and previously approved, subject to available funding. Detailed on page 41 and in accordance with Appendix B - Financial Sustainability Policy 5.52-2.0 on page 197.  Capital Works Program totaling $62.9 million in 2018, $52 million in 2019, $26.2 million in 2020, $25.2 million in 2021 and $19.7million in 2022 as summarized on page 56.  Cost and revenue adjustments from page 42 which reconciles the 2017-2021 Financial Plan with the 2018-2022 Financial Plan.

Water Levy Increase – 4.50% per year.



Sewer Levy Increase – 3.60% per year.



 Recycling Levy Increase – 1.67% in 2018 and 2.75% per year in 2019 through 2022.

Page 32 of 234