Date:
Time: 10:00 a.m.
Location: Council Chamber, 3rd Floor City Hall, 1841 Argyle Street, Halifax
Minutes: November 23 and 26, 2021 Budget Committee Minutes (PDF)
Agenda
This meeting continued on November 26, 2021, at 9:00 a.m.
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1. CALL TO ORDER
2. APPROVAL OF THE MINUTES – October 26, 2021
3. APPROVAL OF THE ORDER OF BUSINESS AND APPROVAL OF ADDITIONS AND DELETIONS
4. CALL FOR DECLARATION OF CONFLICT OF INTERESTS
5. PUBLIC PARTICIPATION
6. 2022/23 Fiscal Framework
- Report [PDF]
- Overview Presentation [PDF]
- Finance Presentation [PDF]
- Finance Presentation - Budget Process [PDF]
Motion:
That the Budget Committee:
1. Direct the Chief Administrative Officer to develop the 2022/23 Budget according to Council's approved priorities, and preliminary fiscal direction, including setting the average property tax bill for residential and commercial properties at a 2.9 per cent increase plus an additional 3.0 per cent increase in the average property tax bill for a dedicated Climate Action Tax to fund Strategic Investments, for a total average increase of 5.9 per cent,
2. Recommend that Halifax Regional Council:
• Approve the updated Reserve Business Cases included in Attachment A of the staff report dated November 9, 2021 and the transfers in reserve balances and commitments described in the staff report dated November 9, 2021; and,
• Approve the updated Debt Guidelines included in Attachment B of the staff report dated November 9, 2021 including a new debt ceiling of $1,200 per dwelling unit and a revised formula for Capital from Operating targets.
7. ADJOURNMENT
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INFORMATION ITEMS