2018 Draft Tax and Rate Supported Budgets. City Council November 8, 2017

Transcription

1 2018 Draft Tax and Rate Supported Budgets City Council November 8,

2 Overview Budget Directions All Tax & Rate Supported Operating Budget All Tax & Rate Supported Capital Budget Budget Timetable 2

3 Approved Budget Directions Increase in the Municipal portion of the residential property tax bill limited to 2.0% for City, Police, Library and Public Health services and 2.5% for Transit. Annual additional taxation revenues from growth is forecasted at 1.3%. Rate supported budget to reflect a 4% increase in water rate, 5% increase in wastewater and 5% increase in stormwater. 3

4 Approximate Tax Bill Impact* Urban Home Average Assessment : $404,000 Rural Average Assessment : $404,000 Commercial Property Average Assessment : $460,000 Area City Wide 2,327 2,373 2,166 2,209 5,104 5,206 Police ,298 1,324 2,918 2,977 2,757 2,812 6,402 6,530 $ Change % Change 2.00% 2.00% 2.00% Transit ,416 1,451 $ Change % Change 2.50% 2.50% 2.50% Garbage Fee TOTAL 3,648 3,724 3,036 3,098 7,818 7,981 * Does not reflect any impact from tax policy or reassessment 4

5 2018 Total Expenditures $3.42 Billion - By Service Ottawa Police Services 9.5% Ottawa Public Library 1.5% Public Health 1.7% Water/Sewer/Solid Waste 13.6% Capital Formation Costs 9.2% Transportation 5.4% $58M $326M $316M $183M $466M $520M $225M General Government 6.6% $237M $290M $76M $671M Parks, Recreation, Cultural & Building Services 7.0% Emergency and Protective Services 8.5% Planning, Building Code & Economic Development 2.2% Community & Social Services 19.6% Transit 15.2% 5

6 2018 Total Revenues $3.42 Billion - By Funding Source Reserves 1.7% Fees & Services Charges 24.5% $838M Other 2.0% Federal/Provini cial/ Municipal Grant 19.6% $670M $1596M Property Taxes 46.7% Payment In Lieu of Taxes 5.5% $189M 6

7 2018 Draft Budget FTE Summary City Services Transit* Police Library Public Health Rate Total 2014 Budget 8, , , , Budget 8, , , , Budget 8, , , , Budget 8, , , , Draft 8, , , , Term of Council Change (36.93) (2.00) (50.46) (4.52) * 2018 Transit Numbers does not include transition to Light Rail 7

8 Operating Budgets 8

9 Summary 2018 Budget Changes Value ($M) Funding (Revenues, Taxes, Fees) (108.0) 2018 Base Adjustments 11.7 Maintain 62.9 Growth 30.1 Council Priorities 3.3 Total 0.0 9

10 Tax Budgets Highlights Funding Capacity $108.0 M Value ($M) User Fees / Revenues 4.4 Provincial Cost Sharing 47.1 Assessment Growth 24.4 Taxation Revenues

11 Tax Budgets Highlights Base Adjustments $11.7 M Value ($M) Child Care 13.6 Winter operations one time adjustments (4.2) Maintain $62.9 M Value ($M) Labour costs 39.2 Inflation on purchased services/contracts etc 15.0 Inflationary increases to Reserves / Debt Charges Increases for IT security tools and improving application performance

12 Tax Budgets Highlights Growth $30.1 M Value ($M) Child Care 15.8 Caseload Increase 3.6 Police additional 25 officers (+ annualization of 2017 hires) 2.6 Transit - Confederation Line fare devices 2.3 Additional Paramedics 0.9 Solid Waste Household Growth 0.8 Recreation, Cultural and Facility Services 0.7 Remissions / Brownfields development 0.7 Parks Growth

13 Tax Budgets Highlights Council Priorities $3.3 M Value ($M) Increase Capital Contribution LRFP V one-time reversals (7.2) 13

14 Water, Wastewater and Storm Budget Highlights Funding $15.1 M Value ($M) Rate / User Fees Increases 15.1 Net Pressures $15.1 M Maintain 3.1 Capital Reserve Contribution 1.9 Increase Debt Servicing

15 Capital Budgets 15

16 Capital Budget Framework 2018 budget and forecast based on Transportation Master Plan, Infrastructure Services Master Plan, 2017 Development Charges Background Study and LRFP V for Tax and Rate. Incorporates funding envelope for term of Council Priorities Use debt as needed but limited to: Under 7.5% / 15.0% of own source revenues (tax / rate) Maximum yearly increase of ¼ of 1% of the levy Debt servicing 5.6% (Tax) /13.7 % (Rate) of own source revenues 16

17 2018 Capital Program $729.4 Million - By Service Transportation Services 14% $101.1M $124.2M Other Tax Supported Services 17% Transit Services 26% $187.5M $156.0M Drinking Water & Wastewater Services 21% Police Services 9% $65.7M $94.9M Integrated Roads, Water & Wastewater 13% 17

18 2018 Capital Program $729.4 Million - Funding Source Revenue 8% $56.6M Reserve 55% Debt 29% $210.5M $402.9M Development Charge Cash/Debt 8% $59.4M 18

19 2018 Tax Supported Capital Program Funding Summary Renewal Regulatory/ Grand 2018 Request ($000) of City Growth Strategic Total Assets Initiatives Percentage 54.4% 31.7% 13.9% 100.0% Total Authority 287, ,157 73, ,836 Funding Requirement: Revenue ,290 14,500 55,522 Reserves 211,005 10,505 57, ,283 Development Charges (Cash/Debt) , ,853 Debt Funding 74,663 63,315 1, ,178 Total 287, ,157 73, ,836 19

20 2018 Rate Supported Capital Program Funding Summary 2018 Request ($000) Renewal of City Assets Growth Regulatory/ Strategic Initiatives Grand Total Percentage 94.3% 4.2% 1.5% 100.0% Total Authority 189,992 8,555 3, ,557 Funding Requirement Revenue ,085 Reserves 120,106 1,309 2, ,600 Development Charges (Cash/Debt) 1,360 4,146-5,506 Debt Funding 68,266 3,100-71,366 Total 189,992 8,555 3, ,557 20

21 Reserve Fund Balances Projected Y/E Balance $ City Wide Child Care Social Housing Transit Library Fleet Environmental Areas Winter Maintenance Tax Stabilization Tax Supported Rate Supported Reserves Gas Tax Reserves Building Codes Reserves Other Reserves Total

22 Budget Meeting Schedule Committee / Boards / Commissions Environment and Climate Protection Committee Tax / Rate-supported Nov 21 Tues Agriculture & Rural Affairs Committee Nov 23 Thurs Planning Committee Nov 28 Tues IT Sub-committee Nov 29 Wed Audit Committee Nov 30 Thurs Transit Commission Dec 4 Mon Finance and Economic Development Committee Dec 5 Tues Transportation Committee Dec 6 Wed Community & Protective Services Committee Dec 7 Thurs Ottawa Public Library Board Dec 11 Mon 22

23 Questions? 23