1. That the report dated March 19, 2019 entitled, “2019 Operating and Capital Budgets” be received; and,
2. That Council approve a 1.97% property tax rate increase to the City’s tax levy as follows:
a. 1.47% for day-to-day operations; and
b. 0.50% infrastructure investment; and,
3. That Council approve the 2019 Primary Operating Budget for City services of $218,250,161 and Library of $14,794,563 to a total of $233,044,724 (excluding the 2018 surplus/deficit) which includes a 1.97% property tax rate increase, the principal components are detailed in Appendices 1 and 2; and,
4. That the gross operating expenditures of $233,044,724, (excluding the 2018 surplus), be funded from the following sources:
2019 Budget
Taxation Levies $160,550,320
Payments-in-lieu of Taxes $1,209,007
Grant & Subsidy Revenues $1,956,197
General Revenues (Investment Income, Penalty
& Interest, Fines, Licences & Permits) $33,007,873
User Fees & Service Charges, Rentals and Sales $30,941,364
Other Income/ Recoveries $5,379,963
Total Revenues $233,044,724
5. That Council approve the remaining 2019 Capital Budget of $103,266,046 for a total of $124,686,057 ($103,266,046 + $21,420,011 pre-approved), the projects are detailed in Appendix 3; and,
6. That Council authorize Staff to purchase US dollars (USD) for applicable capital budget projects and make any budget adjustments necessary due to a variance between the budgeted USD exchange rate and the actual USD exchange rate at the time the USD are purchased; and,
7. That Council approve the 2019 Planning & Design Operating Budget totalling $11,863,445, (excluding the 2018 surplus), the principal components of which are detailed in Appendix 4; and,
8. That Council approve the 2019 Engineering Operating Budget totalling $8,932,747, (excluding the 2018 surplus), the principal components of which are detailed in Appendix 5; and,
9. That Council approve the 2019 Building Standards Operating Budget totalling $9,332,205, (excluding the 2018 surplus), the principal components of which are detailed in Appendix 6; and,
10. That Council approve the 2019 Waterworks Operating Budget totalling $131,920,556 (excluding the 2018 surplus), the principal components of which are detailed in Appendix 7; and,
11. That upon finalization of the 2018 audited financial statements, the 2019 Operating, Planning & Design, Engineering, Building Standards, and Waterworks Operating Budgets be adjusted to reflect the 2018 operating results; and,
12. That a copy of the Budgets be made available to the public through the Clerk’s Department, the City website and each of the Markham Public Libraries; and,
13. That the “Additional Financial Disclosure Requirements Pursuant to Ontario Regulation 284/09” be received for information purposes; and further,
14. That Staff be authorized and directed to do all things necessary to give effect to this resolution.
Carried unanimously by recorded vote (13:0)
(See following motion for a separate recorded vote on the John St. Multi-Use Pathway project (Project No. 19037))
(See following motion for a recorded vote on Recommendation No. 5 (excluding the John St. Multi-Use Pathway project (Project No. 19037))
(See following motion for a recorded vote on Recommendation Nos. 1, 2, 3, 4, 6, 7, 8, 9, 10, 11, 12, 13 and 14)