TAMRMS#: B06
11.2
REQUEST FOR DECISION
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Budget Adjustments
Presented by: Suzanne Findlay, Manager, Financial Services, Financial & Strategic Services
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RECOMMENDED MOTION(S)
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1. That $592,900 of Assessment Growth Revenue be used to increase the annual Pay-As-You-Go transfer to the Capital Reserve.
2. That the 2026 final Consolidated Municipal and Utility Budget in the amount of $355,849,000 and the Net Tax Requirement of $151,669,100 as shown in the attachment titled "2026 Adjusted Consolidated Municipal & Utility Budget" be approved.
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SUMMARY
The purpose of this report is to bring forward adjustments to the approved 2026 Budget for consideration of approval prior to the finalization of the annual tax levy.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
On December 16, 2025, Council approved the following motions:
AR-25-454
That the 2026 Consolidated Municipal and Utility Budget in the amount of $355,343,300 with a Net Tax Requirement of $151,869,600 provided as attachment titled "2026 Approved Consolidated Municipal & Utility Budget" be approved.
That the 2026 10-Year Municipal Growth Capital Plan provided as attachment titled "10 Year Municipal Growth Capital Plan" be approved.
That the 2026 10-Year Utility Growth Capital Plan provided as attachment titled "10 Year Utility Growth Capital Plan" be approved.
BACKGROUND AND DISCUSSION
On December 16, 2025, Council approved a Consolidated Municipal and Utility Budget of $355,343,300 with a net tax requirement of $151,869,600 which resulted in an average property tax increase of $29 per year per $100,000 assessed property value, or 3.9%.
Prior to the presentation of the annual Property Tax Bylaw for Council's consideration, Administration presents proposed adjustments to the budgets upon which the Property Tax Bylaw rates are based. Amendments can arise due to circumstances that have changed subsequent to the preparation/approval of the budget,...
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