The City of Guelph’s credit rating remains strong at AA+ for the eighth year in a row, as announced today by S&P Global Ratings (S&P), despite the financial pressures imposed by the COVID-19 pandemic. Continue reading City holds AA+ credit rating for eighth year
Category Archives: Finance and budget
City holds AA+ credit rating for eighth year
August 20, 2020Guelph Transit reduces service this fall due to COVID-19
August 18, 2020This September, Guelph Transit’s current schedules will become permanent, and all extra/express routes serving the University of Guelph will be cancelled, nine full-time and eight part-time operators will be laid off, and 14 positions will remain vacant. Continue reading Guelph Transit reduces service this fall due to COVID-19
City leaders make fiscal support a focus with Ontario Ministers at AMO conference
August 17, 2020City leaders make fiscal support a focus with Ontario Ministers at AMO conference Continue reading City leaders make fiscal support a focus with Ontario Ministers at AMO conference
Guelph to receive $12 million Provincial and Federal emergency funds
August 12, 2020Guelph will receive $6,911,100 in emergency operating funds and another $5,096,534 in funding for transit as part of the Safe Restart agreement between the Provincial and federal governments Continue reading Guelph to receive $12 million Provincial and Federal emergency funds
Council and City prepare to move forward with its Strategic Plan and Multi-Year Budget
July 16, 2020Guelph advances COVID-19 response
July 15, 2020Senior City staff present the fiscal, economic, community and organizational impacts of the COVID-19, and the City’s ongoing plans to address them. Continue reading Guelph advances COVID-19 response
City gets $8.35 million from Investing in Canada to make more transit and cycling accessibility improvements
June 23, 2020The City is getting $8.35 million from the Investing in Canada infrastructure plan for two projects that include active transportation and accessibility improvements to help people get around Guelph. Continue reading City gets $8.35 million from Investing in Canada to make more transit and cycling accessibility improvements
Guelph’s COVID-19 recovery efforts well underway
June 17, 2020Guelph City Council approves downtown dining district, increasing support for local non-profit organizations and reinstating parking fees, transit fares Continue reading Guelph’s COVID-19 recovery efforts well underway
Guelph shifting from COVID-19 response to preparing for recovery
May 11, 2020Guelph City Council received an update about the City’s response to COVID-19 and plans for economic, social, and organizational recovery. Continue reading Guelph shifting from COVID-19 response to preparing for recovery
Guelph City Council approves more fiscal relief measures in response to COVID-19
April 16, 2020During an emergency meeting earlier today, Guelph City Council approved several recommendations to support the City’s response to the Novel Coronavirus (COVID-19) Continue reading Guelph City Council approves more fiscal relief measures in response to COVID-19
City Council approves fiscal relief measures for Guelph residents and businesses in wake of COVID-19
March 23, 2020At its emergency meeting tonight, Guelph City Council unanimously approved fiscal relief measures to help residents and businesses manage the impacts of COVID-19. Continue reading City Council approves fiscal relief measures for Guelph residents and businesses in wake of COVID-19
City announces 2020 Community Grant recipients
February 18, 2020The City of Guelph has granted 49 not-for-profit community organizations with $307,200 in funding for activities that enhance quality of life, inclusivity. Continue reading City announces 2020 Community Grant recipients
City of Guelph sets financial direction to be future ready
January 24, 2020The City of Guelph’s proposed Long-term Financial Framework is the foundation on which Council and staff will build and deliver services and programs that reflect the community’s priorities. Continue reading City of Guelph sets financial direction to be future ready
Changes to development charges in Guelph
January 23, 2020These changes impact when the City can charge for development charges, when they are due, and who is eligible for payment deferral. Continue reading Changes to development charges in Guelph
City of Guelph Time, Attendance and Scheduling (TAS) Review identifies efficiencies
December 17, 2019City of Guelph reviews time, attendance and scheduling activities to find efficiencies. Staff will begin implementing recommendations in January 2020. Continue reading City of Guelph Time, Attendance and Scheduling (TAS) Review identifies efficiencies
Guelph City Council approves 2020 budget
December 3, 2019Guelph City Council approved the tax-supported operating budget and the local boards and shared services budget today, bringing the tax levy increase in at 3.91 per cent Continue reading Guelph City Council approves 2020 budget
Council approves 2020 capital budget and non-tax supported operating budget
November 13, 2019City Council approved the 2020 capital budget and the non-tax supported operating budget, and received the 2021–2029 capital forecast. Continue reading Council approves 2020 capital budget and non-tax supported operating budget
Budget talks continue with the 2020 tax supported operating and local boards and shared services budgets
November 7, 2019The City has released the proposed 2020 tax supported operating budget and the local boards and shared services budget to City Council and the community on guelph.ca. Continue reading Budget talks continue with the 2020 tax supported operating and local boards and shared services budgets
City maintains AA+ credit rating for seventh year
August 14, 2019The City of Guelph’s credit rating remains strong at AA+ for the seventh year in a row, as announced today by S&P Global Ratings (S&P). Continue reading City maintains AA+ credit rating for seventh year
Background and updates on recent Development Charge changes and the new Community Benefits Charge Framework (Bill 108)
May 31, 2019City considering changes to vacant and excess land tax discount program
May 15, 2019City is asking the public’s opinion on the vacant and excess land tax discount program Continue reading City considering changes to vacant and excess land tax discount program
Council approves Development Charges Bylaw
February 19, 2019Guelph City Council approve Development Charges Bylaw. New rates come into effect March 2, 2019. Continue reading Council approves Development Charges Bylaw
2019 budget discussions start now
December 20, 2018The City of Guelph has released the 2019 non-tax supported operating budget and the 2019 capital budget and forecast Continue reading 2019 budget discussions start now
Guelph releases proposed Development Charges and background study
December 12, 2018Proposed development charges remain competitive with rates in nearby cities, such as Kitchener and Cambridge.
Continue reading Guelph releases proposed Development Charges and background study
AA+ credit rating reaffirms Guelph’s solid financial foundation
August 15, 2018City of Guelph releases 2017 Report to the Community
July 24, 2018This isn’t a typical financial or performance report because it’s not just about us. It’s about residents, business, community groups, visitors, volunteers, and our own employees. It’s about people working together to make Guelph a great city, Continue reading City of Guelph releases 2017 Report to the Community
City Council approves tax-supported operating budget and infrastructure levy
December 5, 2017Council approved a $232,965,140 tax-supported operating budget representing a 2.45 per cent increase over last year’s budget, and a one per cent infrastructure levy to be funded half through a tax levy and half through a transfer from reserves. Continue reading City Council approves tax-supported operating budget and infrastructure levy
Council approves 2018 non-tax supported operating budget and 2018 capital budget
November 2, 2017Guelph City Council approved the 2018 non-tax supported operating budget and the 2018 capital budget. Continue reading Council approves 2018 non-tax supported operating budget and 2018 capital budget
City presents operating budget to Council
October 26, 20172018 budget discussions start now
October 12, 2017City considering changes to vacant unit tax rebate program
September 18, 2017City maintains AA+ credit rating for a fifth year
August 25, 2017Guelph continues exploring possible hydro mergers
June 13, 2017Guelph City Council voted to continue researching possible mergers between Guelph Hydro Electric Systems Inc. and other publicly-owned electricity utility companies. Continue reading Guelph continues exploring possible hydro mergers
$19.4 million to be invested in Guelph Transit infrastructure
March 31, 2017MP Lloyd Longfield, on behalf of the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, announced today that the City of Guelph’s new public transit project has been approved. Continue reading $19.4 million to be invested in Guelph Transit infrastructure
Revised recommended budget reflects increased assessment growth
November 18, 2016Given that Guelph’s assessment growth has increased to $3.7 million, the City is recommending that Council approve a 2017 operating budget of $221,944,377 Continue reading Revised recommended budget reflects increased assessment growth
City presents operating budget for Council, community discussion
November 4, 2016The recommended budget will be presented by City administration on November 9. Continue reading City presents operating budget for Council, community discussion
Council and community to discuss 2017 investment in City assets
October 25, 2016October 25, 2016 – Today, the City released the 2017-2026 recommended Tax-supported capital budget and forecast to City Council and the community. Continue reading Council and community to discuss 2017 investment in City assets
City’s credit rating remains stable at AA+ for a fourth year
August 18, 20162017 budget process underway
July 21, 2016City prioritizes 12 projects for federal infrastructure funding
June 1, 2016Guelph City Council agreed to the list of projects recommended for federal infrastructure funding. Continue reading City prioritizes 12 projects for federal infrastructure funding
City receives $2.6 million funding boost from province for York Road construction
April 1, 2016Liz Sandals, MPP for Guelph, announced the City of Guelph will receive $2.6 million dollars from the Province’s Connecting Links Program for construction on York Road. Continue reading City receives $2.6 million funding boost from province for York Road construction
City’s treasurer accepts expanded role at Region of Peel
February 25, 2016City of Guelph prepares for potential federal infrastructure funding
February 12, 2016Guelph City Council and administration are working together to prepare for infrastructure funding opportunities expected to be announced by the federal government. Continue reading City of Guelph prepares for potential federal infrastructure funding
2016 budget highlights
December 16, 2015City in positive financial position
September 25, 2015Guelph City Hall and courthouse financial overview
September 9, 2015Development Charges Background Study
November 1, 2013To ensure Guelph’s updated DC rates reflect the population forecasted in Ontario’s Places to Grow Act—43,000 new residents and 32,000 new jobs by the year 2031—the City conducted a background study including a peer review by two individuals selected by the development community with expertise in growth and demographic forecasting, and engineering. Continue reading Development Charges Background Study