2020 Proposed Business Plan and Budget October 16, 2019
2020 Proposed Business Plan and Budget Topics for Discussion • 2019 Overview • Fiscal position • 2020 Budget components • Capital • Operations • Base Programs and Services • Growth Pressures • Service Level Enhancement • Development and Fee Supported • Water and Wastewater
2020 Proposed Business Plan and Budget 2019 Assessment Overview • Since 2016, conservative estimates of tax assessment have been used for growth • Currently processing new units to tax roll within 12-18 months • Preliminary data projects favourable assessment for year end 2019 • Modest annual assessment growth projected for the near future
2020 Proposed Business Plan and Budget The Town is in a solid fiscal position • Debt free • Tax levy increases aligned with inflation for base programs and services • Lowest relative taxes in York Region • Building reserves for fiscal sustainability • Approximately $50 million available in reserves • Approximately $23 million available in development charges • Providing funding for operation of new facilities
2020 Proposed Business Plan and Budget Annual Tax Levy Increases Relative to Inflation Base Programs and Services 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 2004-2006 2007-2010 2011-2014 2015-2018 2019 Average Tax Levy Increase Average Ontario Inflation
2020 Proposed Business Plan and Budget Lowest Relative Taxes in York Region Richmond Hill Markham Vaughan Aurora Newmarket King York Region Average Whitchurch-Stouffville 25% Georgina 12% East Gwillimbury $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 2018 Property Taxes – Two Storey Detached House Source: BMA Municipal Study, 2018
2020 Proposed Business Plan and Budget 2020 Proposed Business Plan and Budget Objectives 1. Maintain base programs and services to residents, with tax levy increases aligned with inflation 2. Provide for growth-related service pressures through assessment from new residents 3. Continue with dedicated multi-year funding plans to provide for service level increases • Community safety • Community health & recreation
2020 Proposed Business Plan and Budget 2020 Proposed Business Plan and Budget Objectives 4. Priority focus on optimization of efficiency and effectiveness 5. Continue current funding for asset management (replacement and renewal) 6. Provision for COLA and collective agreement obligations
2020 Proposed Business Plan and Budget Total Proposed Budget - $50.7 Million Development & Fee Supported, $5.3M 10% Capital, $11.9M 24% Operations, $25.8M 51% Water and Wastewater (preliminary estimate), $7.7M 15%
2020 Proposed Business Plan and Budget Significant Ongoing Capital Projects – Previously Approved • Facilities • Operations Centre Construction - $19 M • Health & Active Living Plaza Architectural Services - $1.4 M • Studies • Highway 404 Employment Lands Servicing - $700,000 • Community Improvements • Mt. Albert CC & Queensville Park Redevelopment - $2.7 M • Colony Trail Construction - $390,000 • Regular Infrastructure Maintenance • Road Rehabilitation
2020 Proposed Business Plan and Budget Proposed Capital Budget • Typically represents projects or initiatives that are one ‐ time or time specific in nature • May include multi year projects such as the construction of a new facility, preparing growth related study, or annual road rehabilitation • Also includes the Town’s annual repair and replacement program for maintaining the Town’s assets
2020 Proposed Business Plan and Budget Total Capital Budget by Revenue Source - $11.9 Million Annual Tax Levy Federal Gas Tax, 7% Contribution, 4% Grants, 6% Community Capital Tax Levy Supported Contributions, 6% Reserves , 28% Development Charges, 34% Water/Wastewater Supported Reserves, 15%
2020 Proposed Business Plan and Budget Proposed Capital Budget Highlights • Community Improvements • Centre Street revitalization – multi-year (ICIP grant) • Mount Albert Library branch renovation • EG Sports Complex Expansion - design • Public Realm improvements • Nokiidaa Trail Paving • Civic Centre Precinct Landscape Design • Administrative Process Improvements & Planning for the future • Community Benefits Charge Strategy & DC By-law amendment • Increased server capacity • IT N6 security assessment • Official Plan review • Civic Centre Space Needs Assessment / Growth Plan • Stormwater Master Plan
2020 Proposed Business Plan and Budget Proposed Capital Budget Highlights • Continued maintenance and repair of Town infrastructure • Replacement of ‘end of life’ vehicles and equipment • Water and Wastewater • Water meter replacements – year 3 of 4 • Retrofit of Holland Landing Sanitary Pump Station
2020 Proposed Business Plan and Budget Future Anticipated Capital Funding Pressures Bill 108: More Homes, More Choices Act • Received Royal Assent June 6, 2019 • Changes 13 pieces of legislation, including DCA and PA • Development charges for soft services, cash in lieu of parkland and density bonusing to be combined into one Community Benefits Charge (CBC) • Change to calculation and administration of charges may result in less revenue for growth-related capital expenditures • Proposed that new CBC strategy and by-law must be in place by January 1, 2021 • Changes will be reflected in 2021 budget
2020 Proposed Business Plan and Budget Proposed Operating Budget • Operating budget represents the component of the Town operations that is primarily property tax supported budget
2020 Proposed Business Plan and Budget Total Operating Budget by Revenue Source - $25.8 Million Transfers from Reserves , 2.3% Other, 4.6% User Fees & Grants, 0.8% Permits, 6.1% Development Charges & Contributions, 2.1% Taxation, 84.1%
2020 Proposed Business Plan and Budget Growth-related Service Pressures Service Pressure Amount Additional winter maintenance $150,000 Additional training & professional development $70,000 Additional facilities & programs $65,000 Increased library operations $70,000 Increased software licences & maintenance $45,000 Increased park operation costs $50,000 Total $450,000 • Growth-related pressures funded by growth- related assessment
2020 Proposed Business Plan and Budget Multi-year funding plans to provide for service level increases • Community Safety • Provide an annual 0.5% dedicated tax levy increase for 2020 & 2021 • 1 new fire inspector in 2020 • 1 new fire fighter in 2021 • Community Health & Recreation - HALP • Dedicated 0.5% tax levy increase to operate new facility
2020 Proposed Business Plan and Budget Proposed Full Time Positions in 2020 Budget Tax Levy Type Department Position Impact ($000s) Library Digital Literacy Specialist $69.0 Growth- Related CPRC Recreation Customer Service Representative $26.4 Service Level ECSS Fire Inspector $142.5 Increase CPRC Farmers Market Programmer $18.0 CPRC Facility Operator (Conversion) $0.0 Base CS Purchasing Manager (Conversion) $0.0 Communications Assistant – Graphic Design & Marketing CS $0.0 Total $255.9
2020 Proposed Business Plan and Budget Preliminary Summary of Budget Pressures and Funding Strategy x $1M Expenditures: Base programs and services $1.8 Growth-related services $0.5 Service level increase (multi-year funding plans) $0.2 Total $2.5 Funding: In-year assessment growth* +/-$1.4 Projected supplemental assessment (new homes)* +/-$0.3 Tax Levy - Base +/-$0.6 Tax Levy – Dedicated for service level increase (Community safety and aquatics facility) $0.2 Total $2.5 *Note: Preliminary estimate – subject to further review
2020 Proposed Business Plan and Budget Proposed Impact to the Average Homeowner Base Programs Community Community & Services Health & Rec Safety .5% .5% +/- 2.6% +/- 3.6% $8 $8 +/- $57 +/- $41
2020 Proposed Business Plan and Budget 2020 Proposed Business Plan and Budget Objectives 1. Maintain base programs and services to residents, with tax levy increases aligned with inflation 2. Provide for growth-related service pressures through assessment from new residents 3. Continue with dedicated multi year funding plans to provide for service level increases • Community safety • Community health & recreation
2020 Proposed Business Plan and Budget 2020 Proposed Business Plan and Budget Objectives 4. Priority focus optimizing efficiency and effectiveness 5. Continue current funding for asset management (replacement and renewal) 6. Provision for COLA and collective agreement obligations
2020 Proposed Business Plan and Budget Proposed Development & Fee Supported Budget • The Development and Fee Supported budget represents the component of the Town operations that is supported by fees for service (no tax support) • Each of these service areas has approved fees or charges that are intended to fully recover the cost of providing the service
Recommend
More recommend
