Motion To: COMMITTEE RECOMMENDATIONS That Council approve that in order to address the funding target as recommended in the Comprehensive Asset Management Program report, the following funding strategies be approved for consideration as part of future budgets: 1. That the use of debt for tax supported capital works continue to correspond to the amount of debt retiring and funded from the City Wide property taxation; 2. That the contribution from taxation for the renewal of existing assets be increased by inflation (Construction Price Index) and an additional $10.5 million in the 2018 budget , as a priority within Council’s approved tax targets; 3. That the annual contribution from taxation for the renewal of existing assets be increased annually by inflation and an additional $7.8 million per year starting in the 2019 budget for 9 years as outlined in this report; 4. That staff continue to pursue permanent stable funding from the federal and provincial governments for the renewal of
Absent/RecusedD. Chernushenko (a)
Vote recorded from City Council on 2017-06-14 regarding agenda item LONG RANGE FINANCIAL PLAN V - TAX SUPPORTED CAPITAL.