Adopting the 2025 budget
Councillor Votes
Full Resolution Text
That the following recommendations be approved: a) That the 2025 Draft Budget, and all estimated revenues and expenditures, fees, contributions to reserve and reserve funds, and proposed staffing levels referenced in the documents be adopted. b) That the user fees and charges as set out the Budget Book be adopted as part of 2025 Budget process. c) That the total annual amount of new tax-supported debt charges and any increase in the capital levy provision limit be increased so that the impact on the residential all-inclusive tax increase is 2% in 2026 and 3% in 2027. (Page 19) d) That the principal of the Legacy Fund be used to provide temporary bridge financing for the Development Charge supported debt for the Misken Law Community Complex (Capital Project #15692), Fire Station #2 (Capital Project #15163) and Police Stations Renovation and Expansion (Capital Project #20-109). (Page 20) e) That any unused CAO Budget at the end of 2025 be transferred to the Organizational Development Reserve, subject to the overall year-end position. (Page 37) f) That any unused Physician recruitment budget at the end of 2025 be transferred to the Physician Recruitment Reserve, subject to the overall year-end position. (Page 37) g) That in consideration of the Police Stations Renovation and Expansion project, #20-109, the 2026 and 2027 budgets be pre-committed with approval of the 2025 budget. (page 57) h) That any unused Peterborough Technology Services Budget, at the end of 2025, be transferred to the Information Technology (IT) Reserve, subject to the overall year-end position and that, if actual costs exceed the 2025 Budget, funds may be drawn from the IT Reserve. (Page 70) i) That any 2025 Engineering Overhead surplus be transferred to the Engineering Design and Inspection Reserve, subject to the overall year-end position and that if actual Engineering costs exceed the 2025 Budget, funds may be drawn from the Engineering Design and Inspection Reserve. (Page 98) j) That any unused Traffic Signal Maintenance Budget at the end of 2025, be transferred to the Traffic Signal Reserve, subject to the overall year-end position and that if the actual Traffic Signal Maintenance costs exceed the 2025 Budget, funds may be drawn from the Traffic Signal Reserve. (Page 98) k) That the 2025 Budget pre-commitment of $9.1 million for the Lansdowne Street West – Spillsbury Drive to Clonsilla Avenue (Capital Project Ref #16-061) be shifted for 1 year and pre-committed against the 2026 Capital budget. (Page 103) l) That the 2025 Budget pre-commitment of $2.66 million for the Otonabee River Trail – Del Crary Park to Little Lake Cemetery project (Capital Project Ref #12811) be shifted for 1 year and pre-committed against the 2026 Capital budget. (Page 111) m) That any unused Parking Budget, at the end of 2025, be transferred to the Parking Reserve, subject to the overall year-end position and that, if the actual Parking costs exceed the 2025 Budget, funds may be drawn from the Parking Reserve. (Page 118) n) That the 2026 budget for Capital Project #25-023 On Street Parking Permit Program be precommitted for the 2026 budget with the approval of the 2025 budget of the project. (Page 137) o) That any unused portion of the 2025 Winter Control Budget that may exist at year-end be transferred to the Winter Control Reserve, subject to the overall year- end position, and that if actual Winter Control costs exceed the 2025 Budget, funds may be drawn from the Winter Control Reserve. (Page 160) p) That any excess Airport development review fees at the end of 2025 be transferred to the Airport Development Review Reserve for future Airport Development related expenditures and that, if the 2025 Airport development review costs exceed the review fees, funds may be drawn from the Airport Development Review Reserve. (Page 190) q) That the 2025 Budget pre-commitment of $700,000 for the Aircraft Storage Hangar (Capital Project Ref #24-103) be shifted for 1 year and pre-committed against the 2026 Capital budget. (page 192) r) That any surplus in Water Services at the end of 2025 be transferred to the Water Treatment Plant reserve, subject to the overall year-end position, and that if actual Water Services costs exceed the 2025 Budget, funds may be drawn from the Water Treatment Plant Reserve. (Page 196) s) That any surplus funds at the end of 2025 for Market Hall be transferred to the Market Hall Capital Reserve for unanticipated maintenance expenses or small capital improvements. (Page 207) t) That any unused Community Development Program net budget at the end of 2025 be transferred to the Social Services Community Social Plan Joint Reserve for future program development, subject to the overall year-end position and that, if actual Community Development Program costs exceed the 2025 Budget, funds may be drawn from the Reserve. (Page 207) u) That if actual Riverview Park & Zoo costs exceed the 2025 Budget, costs be funded from the 2025 Water Fees, subject to the year-end position. (Page 210) v) That any surplus funds at the end of 2025 for the Recreation and Parks division be transferred to the General Recreation Reserve, subject to the overall year end position and that, if actual Recreation and Parks costs exceed the 2025 Budget, funds may be drawn from the Reserve. (Page 218) w) That any remaining unused Children’s Services net budget at the end of 2025 be transferred to the Early Learning Child Development Reserve, subject to the overall year end position and that, if actual Children’s Services costs exceed the 2025 Budget, funds may be drawn from the Reserve. (Page 240 x) That any remaining unused Social Services net budget at the end of 2025 be transferred to the General Assistance Reserve, subject to the overall year-end position and that, if actual Social Services costs exceed the 2025 Budget, funds may be drawn from the Reserve. (Page 240) y) That any surplus in the Housing Operating Budget at the end of 2025 be transferred to the Housing Reserve, subject to the overall year end position and that, if actual Housing costs exceed the 2025 Budget, funds may be drawn from the Housing Reserve. (Page 240) z) That any surplus in the Housing Choice Rent Supplement Program at the end of 2025 be transferred to the Housing Choice Rent Supplement Reserve, subject to the overall year-end position and that, if actual Rent Supplement costs exceed the 2025 Budget, funds may be drawn from the Rent Supplement Reserve. (Page 240) aa) That any unused Homelessness net budget at the end of 2025 be transferred to the General Assistance Reserve, to be used for future investment in homelessness prevention programs, subject to the overall year-end position and that, if actual Homelessness costs exceed the 2025 Budget, funds may be drawn from the Reserve. (Page 240) bb) That any adjustment to the City’s 2025 requirement for the Municipal Property Assessment Corporation (MPAC), be netted against the City’s 2025 General Contingency provision. (Page 249) cc) That any unused portion of the 2025 tax write off account balance that may exist at year-end be transferred to the Allowance for Doubtful Accounts Reserve, subject to overall year-end position and that, if actual tax write-off costs exceed the 2025 Budget, funds may be drawn from the Allowance for Doubtful Accounts Reserve. (Page 249) dd) That any unused Employee Benefits Budget at the end of 2025 be transferred to the Employee Benefits Reserve, subject to the overall year-end position, and that, if actual employee benefits exceed the 2025 Budget, funds may be drawn from the Employee Benefits Reserve. (Page 253 ee) That any unused Insurance Budget at the end of 2025 be transferred to the Insurance Reserve, subject to the overall year-end position and that. (Page 253) ff) That any adjustment to the City’s 2025 requirement for the Insurance Budget, be netted against the City’s Insurance Reserve (Page 253) gg) That any unused 2025 Contingency Budget at the end of 2025 be transferred to the Capital Levy Reserve to be used for Capital works subject to the overall 2025 year-end position. (Page 253) hh) That any unused Peterborough County/City Paramedics Services (PCCP) Budget at the end of 2025 be transferred to the PCCP Reserve, subject to the overall year-end position and that, if the actual PCCP costs exceed the 2025 Budget, funds may be drawn from the PCCP Reserve. (Page 263) ii) That any adjustments to the City’s portion of ORCA’s 2025 Budget be netted against the City’s 2025 General Contingency provision. (Page 264) jj) That the 2025 budget request, representing the levy required by the Downtown Business Improvement Area of the Corporation of the City of Peterborough during the year 2025 totalling $362,045, be approved. (Page 270) kk) That the 2025 budget for the Village Business Improvement Area of the Corporation of the City of Peterborough during the year 2025 totalling $18,915, be approved. (Page 251) ll) That any excess Casino Gaming revenues at the end of 2025, that exceed the capital funding requirements to be funded from the Casino Gaming Reserve: i. remain in the reserve, to a maximum of $1.0 million, to be used to finance in- year Capital requirements or as otherwise directed by Council and that ii. amounts beyond the $1.0 million will be used for Capital works in the 2025 Capital Budget. (Page 273) mm) That any net surplus funds, after the disposition of the recommendations in this report, from 2025 operations in excess of $100,000 be transferred to the Capital Levy Reserve to be used for Capital works. (Page 274) nn) That a by-law be passed to establish the 2025 tax ratios for each property class as set out in the 2025 Operating Budget. (Page 279) oo) That the 2025 tax rate for farmland awaiting development subclasses be 75% of the residential rate. (Page 279)