Taxes

taxes_small_en

– At the beginning of its term, Council passed a fiscal framework that would limit tax increases to no more than 2.5% annually. It has done better than this target for three consecutive budgets.

– In the 2014 Budget, Council is aiming to do even better, with a tax increase of no more than 2% – the lowest in seven years.

Savings and Spending

Since the beginning of its term, this Council has:

– Frozen recreation fees

– Frozen the Mayor’s salary

– Frozen the administrative budgets of the Mayor and Council

– Reduced the City workforce in the last two budgets (the first time since amalgamation)

 – By o‹ffering more online options and finding eŒciencies through ServiceOttawa, the City saved more than $10 million in 2013

– Council has also made targeted investments in community facilities and basic infrastructure renewal projects

Debt

– Ottawa has the lowest debt per capita of major Canadian cities and its excellent credit rating has not changed since this Council took offiŒce

– Only 5.5% of the City-raised revenues are used to pay for principal and interest on debt – well below the 25% threshold mandated by the Province

– This Council has put in place a plan to invest in long-neglected infrastructure improvements such as roads, sewers and sidewalks

Budget timeline

 – Summer 2013: Mayor’s pre-budget consultation

 – October 23: Tabling of 2014 draft operating and capital budgets at Council

 – October 28 to November 25: Public consultations and committee meetings (full details available at ottawa.ca/budget2014 or by calling 3-1-1)

 – November 27: Council consideration of 2014 draft tax and rate supported budget

What do you think?

– How can the City save money?

– How can the City better spend money?

Let Mayor Jim Watson know what you think at budget2014@ottawa.ca or on Twitter using the hashtag #ottbudget