Category Archives: Finance and budget

City holds AA+ credit rating for eighth year

August 20, 2020

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


Guelph Transit reduces service this fall due to COVID-19

August 18, 2020

This 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, 2020

City 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, 2020

Guelph 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, 2020

Continue reading Council and City prepare to move forward with its Strategic Plan and Multi-Year Budget


Guelph advances COVID-19 response

July 15, 2020

Senior 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, 2020

The 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, 2020

Guelph 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, 2020

Guelph 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, 2020

During 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, 2020

At 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, 2020

The 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, 2020

The 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, 2020

These 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, 2019

City 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, 2019

Guelph 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, 2019

City 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, 2019

The 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, 2019

The 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, 2019

Continue reading Background and updates on recent Development Charge changes and the new Community Benefits Charge Framework (Bill 108)


City considering changes to vacant and excess land tax discount program

May 15, 2019

City 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, 2019

Guelph 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, 2018

The 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, 2018

Proposed 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, 2018

Continue reading AA+ credit rating reaffirms Guelph’s solid financial foundation


City of Guelph releases 2017 Report to the Community

July 24, 2018

This 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, 2017

Council 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, 2017

Guelph 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, 2017

Continue reading City presents operating budget to Council


2018 budget discussions start now

October 12, 2017

Continue reading 2018 budget discussions start now


City considering changes to vacant unit tax rebate program

September 18, 2017

Continue reading City considering changes to vacant unit tax rebate program


City maintains AA+ credit rating for a fifth year

August 25, 2017

Continue reading City maintains AA+ credit rating for a fifth year


Guelph continues exploring possible hydro mergers

June 13, 2017

Guelph 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, 2017

MP 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, 2016

Given 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, 2016

The 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, 2016

October 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, 2016

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


2017 budget process underway

July 21, 2016

Continue reading 2017 budget process underway


City prioritizes 12 projects for federal infrastructure funding

June 1, 2016

Guelph 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, 2016

Liz 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, 2016

Continue reading City’s treasurer accepts expanded role at Region of Peel


City of Guelph prepares for potential federal infrastructure funding

February 12, 2016

Guelph 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, 2015

Continue reading 2016 budget highlights


City in positive financial position

September 25, 2015

Continue reading City in positive financial position


Guelph City Hall and courthouse financial overview

September 9, 2015

Continue reading Guelph City Hall and courthouse financial overview


Development Charges Background Study

November 1, 2013

To 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