Tag Archives: 2017 Budget

Join Mayor Cam Guthrie for a Budget Town Hall

Mayor Cam Guthrie will host three public Town Halls where residents can learn about the City’s proposed 2017 Budget; ask questions; and have an open conversation about budget priorities and tax levels. Two of the Town Halls will be public meetings, and one will be an online “Facebook Live” chat where Mayor Guthrie will be in attendance via a live a video feed, and participants can ask questions in real time through Facebook. All are welcome, and no registration or RSVP is required. Tuesday, November 15, 7 to 9 p.m. Guelph City Hall Tuesday, November 22, 7 p.m. Facebook Live town hall at facebook.com/mayorcamguthrie Tuesday, November 29, 7 to 9 p.m. West End Community Centre, community room For more information about the City of Guelph’s proposed 2017… Continue reading Join Mayor Cam Guthrie for a Budget Town Hall

Budget discussions start with water, wastewater rate changes and new stormwater service fee

2017 non-tax-supported budget now open for public comment Guelph, Ont., October 14, 2016 – Today, the City released the 2017 recommended non-tax-supported operating and capital budget to City Council and the community. This budget focuses on the services which residents pay for through rates, fees and charges. Community members have an opportunity to address Council about the budget and proposed rate changes through a written submission or during the October 26 meeting in Council Chambers at City Hall. Today’s release is the first of four budget documents to be considered by Council. Over the coming weeks, the proposed tax-supported budgets (operating, capital, and local boards and shared services) will be released for Council consideration. New in the 2017 budget In the 2017 recommended non-tax supported… Continue reading Budget discussions start with water, wastewater rate changes and new stormwater service fee

City’s credit rating remains stable at AA+ for a fourth year

Guelph, Ont., August 18, 2016 – Today, S&P Global Ratings (S&P) announced that the City of Guelph’s credit rating is strong and remains at AA+ with stable outlook. “This is the fourth year that Guelph’s credit rating has been issued at this level,” said Mark Amorosi, Deputy CAO, Corporate Services. “The reaffirmed AA+ rating not only reflects the City’s positive financial position but is a testament to staff and Council’s continued commitment to making strong financial decisions.” According to S&P, the rating (AA+) reflects Guelph’s “exceptional liquidity, very strong budgetary performance, and very low debt burden.” The stable outlook reflects the expectation that the City’s liquidity position will remain stable and that the tax-supported debt burden will remain manageable over the next two years. The… Continue reading City’s credit rating remains stable at AA+ for a fourth year

2017 budget process underway

Guelph, Ont., July 21, 2016 – Work to develop the City’s 2017 budget is underway. From an internal kick-off to a capital budget information session, City staff and Council are working together to create a budget that provides a solid financial foundation for the delivery of outstanding services for the community. “Building a municipal budget is difficult. We need to balance the delivery of services the community needs with available resources,” says Guelph CAO Derrick Thomson. “This year we’ll present a budget that is a realistic financial plan. It will enable us to live within our means today—while taking care of what we own—and plan for the future.” At the July 13 capital budget information session, City staff explored the funding challenges Guelph and other… Continue reading 2017 budget process underway