TAMRMS#: B06
3.2
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2023 - 2025 Municipal Operating Budget Preliminary Tax Increase
Presented by: Diane McMordie, Assistant Deputy Chief Administrative Officer
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RECOMMENDED MOTIONS
recommendation
That Committee of the Whole recommend to Council:
1. That the City of St. Albert increase the electric franchise fee by x% to x% effective January 1, 2023 and;
That notice be provided to Fortis Alberta no later than October 1, 2022 of the City's intent to increase the electric franchise fee effective January 1, 2023 and;
That Administration complete and execute all required documentation and fulfill any advertising and other requirements to enable consideration of approval of the franchise fee increase by the Alberta Utilities Commission.
2. That Administration prepare a proposed 2023 budget for Council's consideration targeting a property tax rate increase of x% which may include some or all of the following measures:
a. Application of dollars from the remaining MOST component of the Stabilization reserve
b. Cancellation of the public art transfer
c. Cancellation or reduction of grants to the community/agencies
d. Implementation of an increase to the electrical franchise fee.
e. Application of a portion of new assessment growth revenue assigned by policy to support new operating business cases.
f. A reduction to the growth component of PAYG capital funding from the tax levy.
g. A reduction to the planned RMR levy
3. That Council provide input into a proposed approach for the longer-term review of services and service levels and development of a multi-year plan to action identified service/service levels reviews/adjustments and provide direction to Administration to proceed with detailed planning for the recommended approach.
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PURPOSE OF REPORT
To further discussions with Committee of the Whole regarding the goals, approach and risks regarding the 2023 municipal operating budget.
ALIGNMENT TO PRIORITIES IN COUNCIL'S STRATEGIC PLAN
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