Tag Archives: Budget

City of Guelph confirms 2025 budget

Budget process, informed by strong community engagement, balances affordability with necessary community investments Guelph, Ont., November 27, 2024 – Today, at a special meeting of Council, Mayor Guthrie and City Council considered amendments to the proposed 2025 budget. Following discussion and decision on each of the tabled amendments, Council voted to close the amendment period, and the Mayor confirmed that he will not veto any of the amendments. The 2025 City services budget update is therefore deemed confirmed. “This budget reflects our commitment to making meaningful long-term investments with a fully funded 10-year capital plan, while also maintaining fiscal responsibility” said Tara Baker, chief administrative officer. “This budget supports responsible growth, allows us to maintain service delivery and keeps affordability top of mind.” “While… Continue reading City of Guelph confirms 2025 budget

Mayor announces final update to proposed 2025 budget

Guelph, Ont., November 14, 2024 – Today, Mayor Cam Guthrie has revealed his final update to his proposed 2025 City of Guelph budget, with targeted changes that makes the city more welcoming, accessible, and affordable for those who need it most. “I have listened intently to community feedback over the past few weeks about the draft budget,” commented Mayor Cam Guthrie, “and I’m happy to announce several new and enhanced additions. From enhancing transit and making it more affordable for students, seniors, and those with lower incomes to restoring the Welcoming Streets Initiative to launching a one-year agreement with the Guelph Tool Library—these changes are good for residents and businesses citywide. Additionally, I am strengthening projects focused on culture, trails, and affordable housing, just to… Continue reading Mayor announces final update to proposed 2025 budget

This entry was posted in Mayor, Mayor and Council and tagged 2024-2027 MYB, Budget, Mayor on November 14, 2024.

Share your input on the development of a Municipal Service and Financing Agreements policy

Guelph, Ont. – On November 25, the City of Guelph will host the second virtual open house about developing Guelph’s Municipal Service and Financing Agreements (MSFA) policy. MSFAs, also known as front-ending agreements, allow municipalities to work with developers to build roads, water and wastewater services, and other essential infrastructure that supports housing and business development. Reaching Guelph’s housing targets requires a coordinated effort. The City’s budget and resources are limited. With these agreements, developers can fund and build the needed infrastructure for a project ahead of when the City’s fiscal capacity would allow. The City would then repay the funds as housing development occurs. How to get involved We want developers, homebuilders and members of the Guelph community to share your thoughts and feedback… Continue reading Share your input on the development of a Municipal Service and Financing Agreements policy

This entry was posted in Finance and budget, Planning and Building and tagged Budget, housing, MSFA on November 5, 2024.

Mayor Guthrie invites public to attend town hall meetings to discuss 2025 budget

Guelph, Ont., October 28, 2024 – Over the next two weeks, Mayor Guthrie will hold a series of town hall meetings to discuss the draft 2025 budget update. Community members are encouraged to attend to learn more. Town hall dates and locations November 4 – Wards 5 and 6 Salvation Army Citadel 1320 Gordon St, Guelph ON 6:30 p.m. – 8:00 p.m. November 5 – Open to all residents Virtual Town Hall 6:30 p.m. – 8:00 p.m. November 6 – Wards 3 and 4 West End Community Centre (Lions Lair room) 21 Imperial Rd S, Guelph ON 6:30 p.m. – 8:00 p.m. November 8 – Wards 1 and 2 Victoria Road Recreation Centre (Oak room) 151 Victoria Rd N, Guelph ON 6:30 p.m. – 8:00… Continue reading Mayor Guthrie invites public to attend town hall meetings to discuss 2025 budget

This entry was posted in Finance and budget, Mayor and tagged 2024-2027 MYB, Budget, Budget town hall on October 28, 2024.

Mayor Guthrie shares draft 2025 budget update

Guelph, Ont., October 17, 2024 – Today, Mayor Cam Guthrie shared the draft 2025 budget update on Guelph’s website; the draft budget will be presented at a special Council meeting on October 30. The Mayor and City staff worked together to identify key investment areas and priorities to ensure the budget meets the community’s needs while also addressing the Mayoral direction to reduce the previously-adopted 2025 budget. Background The 2025 budget was previously adopted as part of the 2024-2027 Multi-Year Budget with a net tax levy increase of 9.8 per cent over 2024. The draft budget released today was updated to align with the Mayoral direction that was introduced earlier this year using the Strong Mayor powers. Under the Mayoral direction, staff were tasked… Continue reading Mayor Guthrie shares draft 2025 budget update

This entry was posted in City Hall, City operations, Finance and budget, Mayor, Property tax and tagged 2024-2027 MYB, affordable housing, Budget on October 17, 2024.