WITH RESPECT to Report 001-2026-Corporate Services-Finance, we recommend that the proposed 2026 Operating Budget for tax and rate-supported operations be approved as outlined in this Report;
AND THAT the 2026 Tax-Supported Operating Budget of $412,198,500 be approved as outlined in this Report;
AND THAT the 2026 Municipal Taxes raised to support the Tax-Supported Operating Budget, including Assessment Growth, be approved at $228,484,400 as outlined in this Report;
AND THAT when combined, the total 2026 Municipal Taxes to be raised to support the Tax-Supported Operating and Capital Budget, including Assessment Growth, be approved at $251,527,800 as outlined in this Report;
AND THAT with respect to the Tax-Supported Operating Budget, contributions to reserves and reserve funds from operations totalling up to $13,491,200 and transfers from reserves and reserve funds totalling up to $3,002,600 be approved as outlined in this Report;
AND THAT the Victoria Avenue Business Improvement Area levy of $71,700 be approved;
AND THAT the Waterfront District Business Improvement Area levy of $120,400 be approved;
AND THAT the 2026 Solid Waste (Landfill) Operating Budget be approved at $4,417,900 gross expenditure and $2,570,400 net income, with a contribution to the Solid Waste – Landfill Reserve Fund to result in $0 net income;
AND THAT the 2026 Waterworks Operating Budget be approved at $27,545,300 gross expenditure and $10,797,300 net income, with a contribution to the Waterworks Reserve Fund to result in $0 net income;
AND THAT the 2026 Wastewater (Sewer) Operating Budget be approved at $22,655,300 gross expenditure and $7,300,100 net income, with a contribution to the Wastewater Reserve Fund to result in $0 net income;
AND THAT the 2026 Prince Arthur’s Landing – Boater Services Operating Budget be approved at $483,700 gross expenditure and $221,900 net income, with a contribution to the Boater Services Capital Reserve Fund to result in $0 net income;
AND THAT the 2026 Parking Operating Budget be approved at $2,799,600 gross expenditure and $0 net income;
AND THAT the User Fees as outlined in Appendix 4 of the Proposed 2026 Operating Budget be approved effective April 1, 2026;
AND THAT reconciliation adjustments for the Budget presentation in accordance with Ontario Regulation 284/09 and Public Sector Accounting Board Standards be approved as outlined in this Report;
AND THAT any necessary by-laws be presented to City Council for ratification.