Proposed Operating Budget to be presented March 5

Proposed 3.05 per cent increase reflects increased cost of doing business

Guelph, ON, February 25, 2015 – The City has released its final budget document for Council and community to review. The proposed 2015 Tax-supported Operating Budget and Forecast will be presented by staff on March 5. Residents are encouraged to attend the presentation prior to delegating on March 11, 2015.

The $206,303,226 proposed budget reflects the City’s plan to sustain the delivery of exceptional services while remaining affordable and accountable to residents. The budget includes a 2.56 per cent base budget increase and a 0.49 per cent investment to enable the City to meet increased demands.

The total 3.05 per cent increase represents approximately a $99 annual increase for the average household with a property valued at $301,770. Combined with the approved changes in Guelph’s water and wastewater rates, the potential impact on the average household is $130 in 2015.

“The City has developed a proposed budget that meets the community’s and organization’s needs for the coming year,” says Al Horsman, Deputy Chief Administrative Officer, Infrastructure, Development and Enterprise Services and CFO. “While the City has ensured the recommended investments are necessary, the proposed budget does not account for all increased demands placed on the organization from growth.”

For the second year, the City has used a predictable multi-year formula and model for determining the tax levy impact. The predictability formula combines inflationary pressures, volume or demand for City services, efficiencies and productivity improvements to provide a recommended maximum tax levy. For 2015, the maximum tax levy increase defined by the formula is 3.71 per cent; however the City is recommending a tax levy increase of 3.05 per cent.

“Municipalities are under pressure to do more with less,” says Horsman. “This year, the City’s focus is to maintain services—do the same with less. The increase in base budget accounts for inflation and the increased cost of purchased good and services. To increase or add new services would require additional investments and an increase to the tax levy.”

Coming up next

February 25 – Proposed Capital Budget presentation
February 26 – Proposed Local Boards and Shared Services
March 5 – Proposed Operating Budget presentation
March 11 – Public delegation night
March 25 – Council deliberates and approves Operating and Capital budgets
March 31 – additional meeting for budget approvals if necessary

All meetings will begin at 6 p.m. and be held in Council Chambers, City Hall, 1 Carden Street.

Follow the City’s budget news on guelph.ca/budget , Twitter ( @cityofguelph , #GuelphBudget) and facebook.com/cityofguelph.

For more information

Al Horsman
Deputy Chief Administrative Officer/CFO
Infrastructure, Development and Enterprise Services
519-822-1260 extension 5606
al.horsman@guelph.ca

Mark Amorosi
Deputy Chief Administrative Officer
Corporate Services
519-822-1260 extension 2281
mark.amorosi@guelph.ca 

 

This news release was updated on March 3, 2015.