Council Sets Objective of Reduced Tax Requirement in 2021

During the August 25, 2020 Council Meeting, Kathy Humphrey, the City's Corporate Services Director, presented a report seeking direction form Council on how to adapt this year's financial planning process in light of projected revenue shortfalls and increased operating costs related to the COVID-19 pandemic. Council directed Administration to prepare the 2021 Budget and 2021-2025 Five-Year Financial Plan with reduced services across the organization to bring the tax rate to a reduced level for the next several years (specifically 2021). Here is the administrative report and the Council Meeting minutes.