The following budget motion is supported by Councillors Deans, Leiper, Nussbaum, Wilkinson, Fleury, Chiarelli, Chernushenko and myself and this motion will be put forward at the December 13th Council meeting.
City Council, Standing Committee and Commission
Conseil, comités permanents et commission
Item / Article: Item/ point 1 – 2018 Draft Operating and Capital Budget/ Budgets préliminaires de fonctionnement et d’immobilisations de 2018
Moved by / Motion de: Councillor J. Leiper
Seconded by / Appuyée par: D. Deans
WHEREAS the proposed 2018 budget proposes a residential tax increase of 2% as directed by Council for its consideration; and,
WHEREAS the City Clerk has established that “budget directions do not bind Council as a whole from amending the draft budget as it deems appropriate”; and,
WHEREAS the draft budget does not address critical municipal needs that were identified by residents during budget consultations as necessary for a balanced, affordable and progressive budget approach consistent with sound financial management; and,
WHEREAS public infrastructure is the foundation on which our communities are built; and,
WHEREAS maintaining our assets such as roads, sidewalks, recreation facilities and parks in a state of good repair is essential to preserving a good quality of life and to the overall health and well-being of our city; and,
WHEREAS The City of Ottawa currently owns $19.4 billion in assets, with a depreciated value of $14.5 billion (2016) and an estimated replacement value close to $42 billion; and,
WHEREAS The state of these assets continues to decline and the risk of service impacts and interruptions is increasing; and,
WHEREAS: failing to keep our assets in a good state of repair costs taxpayers more in the long-term; and,
WHEREAS there is a current annual funding gap of $70 million for the renewal of tax-supported capital assets based on the current need identified in the most recent CAM report; and,
WHEREAS a dedicated infrastructure levy would allow us to make strategic investments in our infrastructure, advance needed repairs and avoid excessive future repair costs, and
WHEREAS a 0.5 percent one time infrastructure levy would contribute 8 million dollars towards closing the infrastructure gap, saving money in the long-term with a 2018 impact for the average urban homeowner of 1 dollar a month.
THEREFORE BE IT RESOLVED: That City Council approve a one time dedicated infrastructure levy set at 0.5 percent to be added to the citywide property tax bill with all revenues directed towards tax-supported capital asset renewal.