Item Information
Title:LONG RANGE FINANCIAL PLAN V – TAX SUPPORTED CAPITAL

Item #: Status:
Type:  #:À L'ÉCHELLE DE LA VILLE
Version: Sponsor:
Meeting Date:2017-Jun-14 2017-Jun-14 2 Ward:CITY WIDE
Meeting Type:City Council Video: View Video
Attachments:Minute Extract.docx    
Text
History
Vote Records
Passed    Motion To: COMMITTEE RECOMMENDATIONS That Council approve that in order to address the funding target as recommended in the Comprehensive Asset Management Program report, the following funding strategies be approved for consideration as part of future budgets: 1. That the use of debt for tax supported capital works continue to correspond to the amount of debt retiring and funded from the City Wide property taxation; 2. That the contribution from taxation for the renewal of existing assets be increased by inflation (Construction Price Index) and an additional $10.5 million in the 2018 budget , as a priority within Council’s approved tax targets; 3. That the annual contribution from taxation for the renewal of existing assets be increased annually by inflation and an additional $7.8 million per year starting in the 2019 budget for 9 years as outlined in this report; 4. That staff continue to pursue permanent stable funding from the federal and provincial governments for the renewal of existing assets.
(Councillor / Conseiller) S. Moffatt  Yes
(Councillor / Conseiller) R. Chiarelli  No
(Councillor / Conseiller) E. El-Chantiry  Yes
(Councillor / Conseiller) D. Chernushenko  Absent
(Councillor / Conseiller) S. Blais  Yes
(Councillor / Conseiller) M. Fleury  Yes
(Councillor / Conseiller) M. Taylor  Yes
(Councillor / Conseiller) B. Monette  Yes
(Councillor / Conseillère) J. Harder  Yes
(Councillor / Conseiller) J. Cloutier  Yes
(Councillor / Conseiller) R. Brockington  Yes
(Councillor / Conseiller) G. Darouze  Yes
(Councillor / Conseillère) M. Wilkinson  Yes
(Councillor / Conseiller) S. Qadri  Yes
(Councillor / Conseiller) K. Egli  Yes
(Councillor / Conseillère) D. Deans  Yes
(Councillor / Conseiller) J. Mitic  Yes
(Councillor / Conseiller) T. Tierney  Yes
(Councillor / Conseiller) J. Leiper  Yes
(Councillor / Conseiller) A. Hubley  Yes
(Mayor / Maire) J. Watson  Yes
(Councillor / Conseillère) C. McKenney  Yes
(Councillor / Conseiller) T. Nussbaum  Yes
(Councillor / Conseiller) M. Qaqish  Yes