Corporate Services, Strategy, Risk and Accountability Committee

Receive and file finance department report F-02-18 regarding the 20 year budget driver forecast.

Approve the 2018 operating budget as amended by the Committee of the Whole – Budget with a resulting net tax levy amount of $160,248,680.

Add five additional transit operators at a cost of $372,424.

Refer holiday transit service to staff so they can come back with service proposals.

Add holiday service on December 25 and January 1 where there is currently no transit service at a cost of $20,600.

Accommodate $278,970 within existing budget.

Reduce Project Management by unspent amount of $150,000.

Approve financial support in 2018 to Friends of Freeman Station to support their fundraising campaign by providing matching funds on a dollar for dollar basis up to $50,000 to be funded from the Tax Rate Stabilization Reserve Fund.

Direct the Director of Transit to report back to Council in the Spring with a plan for holiday transit service.

Direct the Director of Parks and Recreation to contact the Halton District Catholic School Board to discuss the opportunity to provide community space at Corpus Christi High School through a community partnership and report back during 2018 on the feasibility and potential cost for consideration in the 2019 budget process.

Direct the Director of Human Resources to report back to Committee of the Whole regarding implications of changing from employer paid parking for staff. Report to include information regarding equity between employees, implications to employment contracts, ability to designate where staff park and financial implications.

Direct the Director of Finance and City Solicitor to report back on a detailed strategic land acquisition funding model that can include any or all of the following mechanisms: 1. Increase the funding in the operating budget on an annual basis to the Strategic Land Acquisition Fund. 2. Review the capital budget and forecast to find funding for strategic land acquisition. e.g. 5% over 10 year forecast of $680 million is $34 million. 3. Investigate the merits of using TIF (Tax Increment Financing). 4. Define what funding would be available by increasing the debt service limit. 5. Review opportunities for Parkland Dedication through the development application process. 6. Track Parkland Dedication cash-in-lieu so there is a record and projected potential funding going forward.

Receive and file the following three items, having been given due consideration by the Committee of the Whole - Budget