Tag Archives: finance

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

Guelph, Ont., ​August 29, 2024​ – On September 13, the City of Guelph will host a 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 infrastructure, like water and wastewater services, to support 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 move projects forward, ahead of when the City’s fiscal capacity would allow, by funding and building the needed infrastructure, which is then repaid by the City as housing development occurs.  We want to connect with developers, homebuilders and others in the sector, as well as members of the Guelph community.   Municipal… Continue reading Share your input on the development of a Municipal Service and Financing Agreements policy

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City of Guelph’s AAA financial credit rating reaffirmed by S&P Global Ratings for third straight year

Read S&P Global Ratings’ report on Guelph’s 2024 credit rating  Guelph, Ont., August 21, 2024 – For the third straight year, S&P Global Ratings continues to affirm the City of Guelph’s financial credit rating as AAA with a stable outlook, the agency’s highest possible rating. S&P’s report however does caution that the road ahead shows signs of downward rating pressure.  “In an environment of higher inflation, growing construction costs and other factors that can be outside the city’s control, I’m very pleased that we have been given a reaffirmed AAA rating,” says Cam Guthrie, mayor, City of Guelph. “I’m thankful to City staff for their efforts and ensuring we leverage our debt capacity to tackle the housing crisis and infrastructure demands.” S&P Global Ratings is an… Continue reading City of Guelph’s AAA financial credit rating reaffirmed by S&P Global Ratings for third straight year

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Council adopts Guelph’s 2024-2027 Multi-Year Budget

Investments focus on maintaining City Services while supporting existing and growth-enabling infrastructure as well as housing and homelessness Guelph, Ont., November 29, 2023 – On November 29, City Council amended and adopted Guelph’s 2024-2027 Multi-Year Budget with investments that focus on maintaining City services while supporting existing and growth-enabling infrastructure, as well as housing and homelessness. The budget will help advance the Council-approved Future Guelph strategic plan.   “Today, City Council reduced and adopted Guelph’s 2024-2027 Multi-Year Budget,” says Mayor Cam Guthrie. “Council was able to lower the City’s portion of the budget to 3.96 per cent. With the addition of outside boards and agencies, along with new impacts from provincial legislation, including downloading and underfunding housing, hospital and homelessness initiatives, the total impact is 8.52… Continue reading Council adopts Guelph’s 2024-2027 Multi-Year Budget

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