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Estimates 2013
Update
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Summary of Actions to Date
o June 18, 201 2
o Council approves Budget Increase Target of 2.36% for 2013
o Staff directed to prepare a budget that maintains current
service levels
o Reductions required to meet the target to be found using the
Continuum of Services
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o November 2 H
o Budget documents distributed to Members of Council
o Starting point is a 3.87% budget increase
o November 15, 19,20
o Departmental Budget presentations made to the Estimates
Committee
2013 Estimates Committee Presentation 2
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2013 Estimates Committee Presentation
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o TONtG!AT .
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o Continuation of Estimates meetings beginning with'
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Sur:omary of
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o Nove"fnber 22 .
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o Commit.tee apP[IDVeS staff of?Jionsto reduce the 2013 Budget
by $1 .8M 14'1:"
o Attain approved Budget t0rget of 2.36%
o Direction given to Estifnates CommHtee:!to items from
, ' the ContinUl'!Jm of Services that could be.consi.dered td"meet
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Current Status of 2013 Budget
o Additional budget reductions identified since the last
meeting have reduced the 2013 Budget to
$122,067,827
o Represents a 2.00% Budget Increase - well below the
approved target
o The impact of Reassessment and Tax Policy shifting
results in a 4.20% increase to the Average Residential
Taxpayer (see page 3 of Budget Worksheet)
Total Taxes=Reassessment + Tax Policy + Budget Increase
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2013 Estimates Committee Presentation 4
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-Based on 2012 approved budget
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Residential 1,540,829 927,278 2,468,107
Commercial (549,329) (327,714) (877,043)
Industrial (970,611) (410,513) (1,381,124)
Multi-Residential (29,768) (194,591) (224,359)
Other 8,879 5,540 14,419
TOTAL - - -
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