Use transit reserve to cover 2023 operating shortfall
Preliminary vote
General Committee makes recommendations; City Council makes the final decision.
We haven’t matched this to Council’s final vote yet. Committee recommendations normally go to the City Council meeting on September 25, 2023.
Motion carried
10–1
10 for1 against
Councillor Votes
Full Resolution Text
e) That, subject to the City’s overall year-end financial position and at the discretion of the Treasurer, up to $941,000 from the uncommitted funds in the Transit Capital Reserve be used to cover the projected 2023 operating budget shortfall to avoid service cutbacks in the remainder of 2023.
Meeting Details
General Committee
Council Chambers, City Hall