Whether to amend the 2026 draft budget for updated MPAC assessments, OMPF grants, benefit premiums, and community development revenue
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 December 1, 2025.
Councillor Votes
Full Resolution Text
That the 2026 draft budget and net tax levy requirement as presented in the 2026 Staff Recommended Draft Budget Book be amended as follows: i. Update the current value assessments on page 281 of the 2026 Budget Book to incorporate the final assessments received from MPAC for the 2026 taxation year resulting in a reduction of the net tax levy requirement of $204,477; ii. Update the Ontario Municipal Partnership Fund (OMPF) Grant on page 275 of the 2026 Budget Book to $627,700 resulting in a reduction of the net tax levy requirement of $268,900; iii. Update the employee extended health benefit premiums included in the 2026 Budget Book resulting in a reduction of the net tax levy of $665,000, including $220,000 to the Police Services and $445,000 other City divisions; iv. Update the Community Development Program revenue found on page 203 of the 2026 Budget Book as a result of correspondence received from the County of Peterborough resulting in an increase of the net tax levy of $90,137 in 2026.