a) That staff report SRCFS.20.015, regarding the 2021 Capital and Operating Budget Strategy, be received;
b) That staff present a 2021 Draft Capital Budget that:
i) Continues to manage the City’s capital program reflective of corporate priorities;
ii) Maximizes all funding from external sources, development charges and reserve funding and consider the prudent issuance of debt as an alternate use of available funding resources;
iii) Considers recommendations from the Capital Sustainability Steering Committee and align with outcomes of the Draft Financial Sustainability Strategy.
c) That staff present a 2021 Draft Operating Budget that:
i) Supports Council priorities;
ii) The tax rate increase be no more than 0.5%;
iii) The operating budget considerations outlined in report SRCFS.20.015 be used as a guideline in the development of the 2021 Operating Budget.
d) That staff present a 2021 Draft Water, Wastewater & Stormwater Budget that reflects the wholesale rate increase from Region of York and reflects approved factors from the Water/Wastewater Financial Plan and the Stormwater Financial Plan; and
e) That staff be directed to proceed with the 2021 Budget process in accordance with the timetable outlined in Appendix “A” and guidelines described in staff report SRCFS.20.015.