2020 Budget, 2021 – 2022 Financial Plan

1.     THAT the 2020 Operating Budget, in the amount of $718,371,428 be approved, representing $431,190,345 for Municipal operations, $96,000,000 for committed undrawn dept payment and $191,181,083 as a funding transfer for reserves and capital purposes, and

2.     THAT the 2021 – 2022 Financial Plan in the amount of $698,371,428 and $678,371,428 respectively, with funding transfers for capital purposes of $303,120,157 and $275,940,576 respectively, be used as the basis for the development of the respective subsequent budgets, and

3.     THAT the 2020 Capital Budget in the amount of $153,413,540, $664,875 Public Art fund transfer totaling $154,078,415 be approved as set out in Attachment 1, 2020 Capital Budget, dated November 29, 2019.