Tag Archives: 2016 Budget

2016 budget highlights

A look at some of the budget details On December 10, 2015, City Council approved a $216 million operating budget and a $61 million capital budget for 2016. This represents a 2.99 per cent tax increase over 2015. In approving the budget, Council approved $3.6 million in reductions to the base budget which included adjustments to purchased goods and services, revenue including a 15 per cent increase to vendor fees at the Guelph Farmers’ Market, and service level changes for Guelph Transit (described below). Within the capital budget, Council approved 124 projects including but not limited to Transit fare box replacement, vehicle and equipment lifecycle replacements, bridge replacements/upgrades (including Niska Bridge), South End Community Park continued implementation, and downtown parkade construction. The following identifies the… Continue reading 2016 budget highlights

City in positive financial position

BMA assessment of Guelph’s financial condition released Guelph, ON, September 25, 2015 – On Monday evening, City Council heard highlights from the 2014-15 Financial Condition Assessment report which evaluates the City’s financial health and identifies future challenges and opportunities. The assessment was conducted by BMA Management Consulting Inc. “By proactively seeking this assessment from BMA, City Council, administration and the community receive an objective third-party view of our current and future financial state. This is especially helpful as Council approaches the end of its first year in office, and considers the 2016 budget,” says Janice Sheehy, city treasurer. The BMA assessment concludes that the City’s overall financial condition is favourable and trending upward. However, like other municipalities, the City is facing a number of challenges that… Continue reading City in positive financial position