Budget 2020 presentations

At January 13 Council meetings, there were informative presentations about the 2020 budget.  Looking at a powerpoint, alone at home , never is as good as looking at it while the presenter talks; but, if you missed the meetings the powerpoints alone are better than nothing.    The Working Session presentation provided strong evidence that our financial profile is in good shape:  our debit is declining and we are far below the maximum borrowing capacity; we are making steady annual contributions to the infrastructure reserves.  Given that our budget is for $79.6 million ($44.8 for operating expenses and $34.8 for capital) its very satisfying to have this assurance.  In addition the draft net tax levies of the other York Region municipalities was provided:  the draft one for King is 2.89% whereas only Markham and Richmond Hill have lower ones.  (note:  these rates are NOT the blended rates.)

The presentations at Committee by the various Department Leaders gave a quick overview of priorities in each area and background to program change requests.  The details of the program changes are in the budget binder.

You can find links to both the above powerpoints and the budget binder here.

Target is to approve the budget at January 27 Council meeting.  Staff report for it (and the rest of the agenda for that evening will be published, as always, by close of business on January 23.

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