By now, you’ve seen the 2024-2027 multiyear budget documents. Well, maybe you’ve seen that they’re now available. You will probably get around to reading it, and that point you will probably have some thoughts, and maybe you might like to sharing those thoughts with city council. You may be interested to know that there’s a special meeting of council that will be specifically dedicated to your point of view about the budget.
NOTE #1: Delegates will be able to appear at this meeting in-person or via tele-presense but you do have to register with the clerks office before 10 am on Friday November 10. You can also submit written delegations and correspondences for agenda items.
NOTE #2: In addition to meeting in-person, this meeting will also be live-streamed on the City of Guelph’s website here.
NOTE #3: There will be no decisions at this meeting. The budget decision day is on Wednesday November 29 at 9 am.
Guelph’s 2024-2027 Multi-Year Budget“ Delegation Night – This is your chance to address city council and voice your concerns, suggestions and recommendations about the 2024-2027 multiyear budget. Click here to see the Politico summery of the budget documents, and read through the complete motion below:
1. A 2024 operating budget with a gross expenditure budget of $556,280,013 with a 2024 property tax and payment-in-lieu of taxes levy requirement of $329,828,159 or 10.32 per cent over 2023 inclusive of the following:
a) City service budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2024 of $14,700,752 or 4.97 per cent.
b) Local Boards and Shared Services budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2024 of $5,872,283 or 1.98 per cent.
c) A Provincial housing, homelessness, and hospital budget requirement, totalling an increased net levy requirement in 2024 of $9,969,945 or 3.37 per cent.
d) 2024 user fees, rates, and charges.
2. A 2024 capital budget in the gross expenditure amount of $208,666,722, inclusive of funding transfers from capital reserve funds and other sources including partnerships, grants, and debt financing.
3. A 2025 operating budget with a gross expenditure budget of $599,947,552 with a 2025 property tax and payment-in-lieu of taxes levy requirement of $364,197,218 or 9.38 per cent over 2024 inclusive of the following:
a) City service budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2025 of $21,136,498 or 6.41 per cent.
b) Local boards and shared services budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2025 of $6,399,367 or 1.94 per cent.
c) A Provincial housing, homelessness, and hospital budget requirement, totalling an increased net levy requirement in 2025 of $3,040,170 or 1.03 per cent.
d) 2025 user fees, rates, and charges.
4. A 2025 capital budget in the gross expenditure amount of $234,129,280, inclusive of funding transfers from capital reserve funds and other sources including partnerships, grants, and debt financing.
5. A 2026 operating budget with a gross expenditure budget of $647,249,988 with a 2026 property tax and payment-in-lieu of taxes levy requirement of $399,946,642 or 8.67 per cent over 2025 inclusive of the following:
a) City service budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2026 of $22,069,306 or 6.06 per cent.
b) Local boards and shared services budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2026 of $8,018,181 or 2.20 per cent.
c) A Provincial housing, homelessness, and hospital budget requirement, totalling an increased net levy requirement in 2026 of $1,473,670 or 0.40 per cent.
d) 2026 user fees, rates, and charges.
6. A 2026 capital budget in the gross expenditure amount of $338,394,567, inclusive of funding transfers from capital reserve funds and other sources including partnerships, grants, and debt financing.
7. A 2027 operating budget with a gross expenditure budget of $688,808,424 with a 2027 property tax and payment-in-lieu of taxes levy requirement of $431,233,766 or 6.67 per cent over 2026 inclusive of the following:
a) City service budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2027 of $19,355,854 or 4.84 per cent.
b) Local boards and shared services budget requirement, net of the proportionate share of assessment growth, totalling an increased net levy requirement in 2027 of $6,635,252 or 1.66 per cent.
c) A Provincial housing, homelessness, and hospital budget requirement, totalling an increased net levy requirement in $696,630 or 0.17 per cent.
d) 2027 user fees, rates, and charges.
8. A 2027 capital budget in the gross expenditure amount of $482,381,206, inclusive of funding transfers from capital reserve funds and other sources including partnerships, grants, and debt financing.
9. A 2028-2033 Capital forecast in the gross amount of $1,918,985,045.
Guelph Politico 