The City of Guelph has released the first of its initial budgets for 2018.
The 2018 non-tax supported operating budget and the 2018 capital budget and forecast were released Thursday evening.
The non-tax budget covers services residents pay for through rates, fees and charges.
The city says recommended increases to water, wastewater and stormwater fees will result in an annual average increase to a residential bill of $23.40 over 2017.
Next year’s capital budget recommendation has been set at $90.8 million.
The proposed capital budget points out that as staff works on coming up with a fully-funded capital forecast for 2019 (there isn’t enough money to do all the projects currently on the 10-year forecast) it will need “clarity” on the 0.5 per cent annual tax levy dedicated to capital projects. Essentially it needs council to clarify that a levy will or will not continue to 2026 to come up with an accurate capital forecast.
The first two budgets will be presented to council at an Oct. 26 meeting at 2 p.m. Public delegations will be allowed. It is scheduled to be approved on Nov. 2.
City staff will present the big one – the tax-supported operating budget – to council on Nov. 8. Public delegations on that budget will happen on Nov. 22 beginning at 6 p.m.
Final approval of the tax-supported operating budget is scheduled for Dec. 5.
The complete capital budget and forecast can be seen here.
