2017 Budget. whitby.ca/budget

Transcription

1 2017 Budget whitby.ca/budget

2 Moving Council s Vision Forward: Key Accomplishments and Successes First-Ever Master Fire Plan Completed January 2016 Live Streaming Pilot Project Launched September

3 Key Accomplishments and Successes Downtown Whitby Action Plan approved by Council October 2016 Corporate Sustainability Plan presented to Council November

4 Key Accomplishments and Successes LED Streetlight Conversion more than 75% complete First Comprehensive Municipal Asset Management Plan Completed November 2016 Official Plan Approved February 2017 Sale of R.A. Sennett Public School 4

5 Building a Great Community: 2017 Priorities Active Transportation Plan building the network More Recreation at Cullen Central Park bocce ball, pickleball and restoration of Log Cabin 5

6 2017 Priorities Downtown Whitby Business Improvement Area By-Law to come forward in April Land Registry Office Interior demolition complete, interior design to be undertaken 6

7 2017 Priorities Brooklin Secondary Plan and Transportation Master Plan Transportation and Pedestrian Safety Action Plan initiated early 2017 Parking Master Plan 7

8 2017 Priorities Reimaging Celebration Square, Colour the Square engagement campaign currently underway Update Community Improvement Plan currently underway 8

9 2017 Priorities Activity Guide online registration beginning fall 2017 Community Gardens coming this year 128 Brock Street South Expression of Interest to be released in

10 2017 Budget Details whitby.ca/budget 10

11 2017 Budget Revenue Expense Net % 2016 Budget ($112,871) $112,871 $0 Maintain Infrastructure $1,080 $1,080 Previously Approved Council Items - Fire $1,160 $1,160 Previously Approved Council Items - Other ($81) $694 $613 Inflation Operating Budget ($295) $2,109 $1,814 Assessment Growth (Contributed to Growth Reserve Fund) ($1,027) $1,027 Whitby Hydro Revenue Reduction $233 $ Staff Resources $590 $590 Other Net Reductions/Efficiencies ($476) ($397) ($873) ($1,646) $6,263 $4, Base Budget ($114,517) $119,134 $4, % Reductions Revenue/Fee Increases ($249) ($249) Cost Savings/Efficiencies ($201) ($201) Eliminate Contribution to Downtown & Accessibility Reserve ($520) ($520) Decrease Contribution to Growth Reserve Fund ($495) ($495) ($249) ($1,216) ($1,465) 2017 Budget ($114,766) $117,918 $3, % 11

12 Distribution of Total Property Tax Education 14% Region 53% Town 33% 12

13 2017 Budgetary Tax Increase % of Tax Bill Budgetary Increase % on Property Tax Bill Town of Whitby 33 % X 3.99% = 1.30% $61 Regional Municipality of Durham 53 % X 1.80% 0.95% $45 School Board 14 % X 0.00% 0.00% $0 100 % 2.25% $106 = = $ 2017 Property Tax Increase $61 Day to Day Service Delivery $6 Other Enhanced Services $12 Maintaining Infrastructure $21 Fire Services Expansion $22 Based on average residential assessment value of $500,000, as identified by MPAC Property Notice Assessment (January 1, 2016) 13

14 2016 Taxes - Average Residential Property $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 $681 $681 $681 $2,531 $2,531 $2,478 $1,372 $1,372 $1,526 Pickering - $4,583 Ajax - $4,583 Whitby - $4,685 Local Region Education $681 $2,478 $2,493 Oshawa - $5,651 $681 $2,531 $1,602 Clarington - $4,813 14

15 Share of Property Tax ($1) 15

16 2017 Operating Budget Revenues $118M by Category User Fees $21.1M 18% Total Taxation $ 84.1M 71% Reserve Transfers (including Gas Tax Revenue) $6.9M 6% Tax to Operating $65.3M 55% Tax to Capital $18.8M 16% Other Revenues (Whitby Hydro $4.7, Other $0.9) $5.6M 5% Provincial and Federal Support $0.2M 0% 16

17 2017 Operating Budget Expenditures $118M by Category Transfer to Maintenance and Growth Capital Programs $22.5M 19% Other Transfers to Reserves and Internal Transfers $2.7M 2% Whitby Public Library $4.9M 4% Grants (Station Gallery $0.5, and Others $0.4) $0.9M 1% Administrative Costs $5.5M 5% Salaries, Wages & Benefits $65.5M 56% Purchased Services and Supplies $7.4M 6% Vehicle & Equipment Maintenance and Fuel $2.5M 2% Building Related Costs & Utilities $5.9M 5% 17

18 2017 Capital Budget by Asset ($78M) Studies and Initiatives $4M 6% Facilities and Parks $23M 30% Roads, Roads Related and Stormwater $42M 54% Fleet and Equipment $8M 10% 18

19 2017 Capital Budget ($78M) Long Term Debt (includes Front End Agreement) $21M 26% External Contributions $4 6% Asset Maintenance Reserves $20M 25% Funded by annual tax based contribution and Federal Gas Tax. Required, current interest rates low Growth Reserve Fund $8M 10% One-Time Reserve Fund $3M 4% Funded by annual tax based contribution Program Reserves $3M 4% Development Charges $20M 25% 19

20 2017 Debt totals $20.6 million Coronation Road / CP Rail Grade Separation $9.4 million West Whitby Front Ending Agreement Land acquisition for future Fire Hall, Fire Training Complex and Operations Satellite Facility $5.5 million Operations Centre expansion $5 million Marina Pier #4 and #6 replacement $700 thousand 20

21 Reserve and Reserve Funds $60 $56 Millions $ $50 $40 $30 $24 $45 Total Projected 2016 Year End Uncommitted Balance = $115 million Total Forecasted 2017 Year End Uncommitted Balance = $95 million $20 $19 $10 $6 $6 $14 $11 $10 $10 $6 $4 $- Asset Maintenance Growth Development Charges Projected 2016 Year End Uncommitted Balance Program Stabilization One-Time Forecasted 2017 Year End Uncommitted Balance 21

22 2017 to 2026 Total Capital Program ($705M) Other Projects, $2, 0% Maintenance Related Projects, $216, 31% Roads Right of Way, $1,441, 75% Town Assets total $1.92 billion Facilities, $359 19% Fleet & Equipment, $48, 2% Parks, $70, 4% Growth Related Projects, $487, 69% Millions Asset Management Plan - Infrastrucuture Funding Gap $100 $50 $- $7 Total in 5 Years $69 Total in 10 Years 22

23 10 Year Tax Based Cost of Growth $300 $275 million $250 Asset Management $41 $217 million $58M = approximately 1.54% per year $200 Operations $79 Net Debt $47 Million $150 Growth Reserve Fund $55 $100 $50 Capital $155 New Taxes $115 $- 23

24 Forecasted Reserve and Long Term Debt Balances $200 $150 $100 Millions $50 $ $50 -$100 Asset Maintenance Reserves Development Charges LTD Future Growth Reserve Fund (incl Cost of Growth Budget Impacts) LTD to Date Cost of Growth 24

25 Future Tax Pressures Are a Reality Inflationary pressures on operating and capital costs Impacts of growth Maintain our infrastructure Continue Looking Long Term Be aware long term financial plan Difficult to repeat savings each year Other potential pressures: Sustainability Climate change Changing demographics Changing demands from taxpayers Legislative impacts Choices are available What we do service/service levels How we do things people, tools, technology, process Financing/Revenue Options Lobby other levels of Government Start Now Investigate/Consult on options identified during 2017 process 25