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The Finance and Economic Development Committee approved new asset management plans for drinking water, wastewater, stormwater and transportation services. The City has prioritized keeping critical infrastructure in a state of good repair. The Province introduced new regulations requiring municipalities to develop and approve asset management plans that cover an increased scope of municipal infrastructure using a phased approach with specific timelines.
The regulation requires that staff develop asset management plans for all other City infrastructure and bring them to Council for approval in 2024. Given the City already has a mature asset management program to maintain critical infrastructure, the approach only needs to shift slightly. Staff will also update the Long-Range Financial Plan in 2024 to align with the Transportation Master Plan, Infrastructure Master Plan and the revised Asset Management Plans. In 2025, Council will consider an updated plan for all City-owned assets that will include target levels of service.
The Committee approved the 2021 operating results and disposition of any surplus, or funding of any deficit, in preparation for year-end financial statements. Analysis of the 2021 operations for all tax and rate-supported City programs showed an overall surplus of $52.2 million. Once the Council approved policies and by-laws are implemented, the overall contribution to the Tax Stabilization Reserve is $23.3 million. $13.6 million of this contribution is earmarked as back-stop funding to support the Respite Services Sustainability Plan, as approved by the Community and Protective Services Committee, as a risk mitigation strategy if funding is not provided by other levels of government.
The total net impact of COVID-19 was nearly $354 million in cost pressures, including on transit, the Ottawa Police Service and Ottawa Public Health. The City applied more than $349 million in support funding from senior levels of government to pandemic-related expenditures in 2021. The City anticipates it will receive an additional $4.75 million in 2022 to cover the 2021 funding shortfall of the Ottawa Paramedic Service.
The Committee approved by-law amendments that set the tax ratios for various tax classes and the property tax due dates for 2023. The City will adopt neutral ratios and use all optional property classes permitted by the Assessment Act, to allow for different taxation levels within a property class and minimize shifting the tax burden between tax classes. This would include the new small business tax subclass at 92.5 per cent of the applicable commercial and industrial property tax class ratio, or a 7.5 per cent tax discount for approximately 10,000 small businesses.
Tax mitigation measures aimed at keeping Ottawa affordable were also approved, similar to those approved in previous years. These include rebates to charitable organizations and deferral of taxes and water bill increases for low-income seniors and persons with disabilities. A mandatory cap would stay in place to limit tax increases from reassessments for commercial, industrial and multi-residential properties.
Recommendations from today’s meeting will rise to Council on Wednesday, April 13.
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The regulation requires that staff develop asset management plans for all other City infrastructure and bring them to Council for approval in 2024. Given the City already has a mature asset management program to maintain critical infrastructure, the approach only needs to shift slightly. Staff will also update the Long-Range Financial Plan in 2024 to align with the Transportation Master Plan, Infrastructure Master Plan and the revised Asset Management Plans. In 2025, Council will consider an updated plan for all City-owned assets that will include target levels of service.
The Committee approved the 2021 operating results and disposition of any surplus, or funding of any deficit, in preparation for year-end financial statements. Analysis of the 2021 operations for all tax and rate-supported City programs showed an overall surplus of $52.2 million. Once the Council approved policies and by-laws are implemented, the overall contribution to the Tax Stabilization Reserve is $23.3 million. $13.6 million of this contribution is earmarked as back-stop funding to support the Respite Services Sustainability Plan, as approved by the Community and Protective Services Committee, as a risk mitigation strategy if funding is not provided by other levels of government.
The total net impact of COVID-19 was nearly $354 million in cost pressures, including on transit, the Ottawa Police Service and Ottawa Public Health. The City applied more than $349 million in support funding from senior levels of government to pandemic-related expenditures in 2021. The City anticipates it will receive an additional $4.75 million in 2022 to cover the 2021 funding shortfall of the Ottawa Paramedic Service.
The Committee approved by-law amendments that set the tax ratios for various tax classes and the property tax due dates for 2023. The City will adopt neutral ratios and use all optional property classes permitted by the Assessment Act, to allow for different taxation levels within a property class and minimize shifting the tax burden between tax classes. This would include the new small business tax subclass at 92.5 per cent of the applicable commercial and industrial property tax class ratio, or a 7.5 per cent tax discount for approximately 10,000 small businesses.
Tax mitigation measures aimed at keeping Ottawa affordable were also approved, similar to those approved in previous years. These include rebates to charitable organizations and deferral of taxes and water bill increases for low-income seniors and persons with disabilities. A mandatory cap would stay in place to limit tax increases from reassessments for commercial, industrial and multi-residential properties.
Recommendations from today’s meeting will rise to Council on Wednesday, April 13.
查看原文...
