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Budget Meeting - 2024 Draft Operating Budget Part 2 - Dec 5

Budget Committee of the Whole Tuesday December 5, 2023 at 1:30pm



Draft 2024 Budget Book (operating budget begins on page 20)


Agenda items include:

2024 Draft Operating Budget (Part 2)

Staff will make the following presentations:

  • 2024 Draft Operating Budget - Corporate and Financial Services

  • 2024 Draft Operating Budget - Financial Services and Treasurer

  • 2024 Draft Operating Budget - Richmond Hill Public Library

  • 2024 Draft Operating Budget - Village of Richmond Hill Business Improvement Area

  • Water, Wastewater and Stormwater Management Budgets

Staff has provided a list of possible decisions that BCW Committee Members could make beyond the proposed 2024 Draft Operating Budget to reduce the tax rate increase.

The City’s 2024 Draft Operating Budget proposes a budget increase of $6,087,200 to be raised through an increase in property taxation (4.76% tax rate increase). The taxation revenue budget is presented below.

The average single, detached residential property in Richmond Hill remains at $1.146 million for 2024, same as the prior year, and this property would see an annual impact of $96.54 on the municipal portion of the tax bill as a result of the proposed budget increase. In addition, the average residential property owner will see an increase on their tax bill of approximately $30.42 attributed to the Capital Asset Sustainability Levy.



Public Comments:

The public may submit written correspondence regarding agenda items by email to clerks@richmondhill.ca. Written correspondence must be submitted by 12 p.m. (noon) one business day before the meeting. Comments submitted will be provided to all Members of Council, are considered as public information and will be included on the public agenda posted to the City's website.

Delegations:

Any person who wishes to speak to Council on agenda items must pre-register with the Office of the Clerk by 12 p.m. (noon) one business day before the meeting. Applications to appear as a delegation can be submitted by email to clerks@richmondhill.ca or by using the on-line application form found on Richmondhill.ca. Delegations can be in person, or electronically by video conference or telephone. The Office of the Clerk will provide instructions on appearing as a delegation.




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