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HomeMy WebLinkAboutFCS-15-135 - 2016 Budget Process Staff Report rTC.�r R finance and Corporate Services Department www.kitchener.ca REPORT TO: Finance and Corporate Services Committee DATE OF MEETING: September 21, 2015 SUBMITTED BY: Ryan Hagey, Director of Financial Planning 519-741-2200 x 7353 PREPARED BY: Ryan Hagey, Director of Financial Planning 519-741-2200 x 7353 WARD(S) INVOLVED: All DATE OF REPORT: September 4, 2015 REPORT NO.: FCS-15-135 SUBJECT: 2016 Budget Process RECOMMENDATION: For information BACKGROUND: Each year Council articulates a financial plan for the City through the adoption of a budget. This includes the operating budget, which encompasses day-to-day expenses, as well as the capital budget, which provides for the creation and renewal of City assets. Operating and capital budget information is presented to Council during dedicated budget meetings, meaning the only topic on the agenda is the budget. These are public meetings which are broadcast on the City's website and open for citizens to attend in- person. Before making any final decisions on the budget, Council offers citizens an opportunity be heard through a variety of channels, including a public input night dedicated to the proposed budget. This report provides summary information related to the 2016 budget process in each of the following areas: • Link to new strategic plan • Rate changes • Public engagement • Budget schedule ***This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. IF1 - 1 REPORT: Link to New Strategic Plan At the Planning and Strategic Initiatives Committee meeting on August 10, 2015, Council received report CAO-15-015 Recommended 2015-2018 Strategic Plan which was formally approved by Council on August 24, 2015. The second recommendation of the report states: That staff be directed to prepare a budget and four-year business plan that identifies specific actions and the allocation of resources to effectively execute the approved strategies. The 2016 budget will be the first opportunity to reflect the priorities approved by Council as part of the 2015-2018 Strategic Plan. In some cases, the ability to move forward with initiatives identified in the Strategic Plan will depend on the new investments approved by Council through budget deliberations. If these investments are not approved, certain initiatives will see minimal progress over the next few years. Rate Changes One of the main areas of focus for the annual budget process is the change in various rates (e.g. tax rate, utility rates, etc.). Proposed rate changes for 2016 have not been finalized, as internal budget review meetings have not been completed, but there is sufficient information available to provide some indication of the proposed rate increases for the 2016 budget. The rate increases for the major budget areas are outlined below. Tax Rate Long-standing direction for the City's tax rate has come from the City's Strategic Plan, which states that the City will "provide citizens with competitive, rational, and affordable taxation levels" This is established by considering: • Kitchener's taxation levels relative to other municipalities • Kitchener's tax rate increases compared to inflation • Citizen preferences for tax rate increases versus changes to service levels Each of these three areas are discussed below, but the persistent consensus amongst citizens and the past practice of Council is to have tax rate increases that maintain existing service levels around the rate of inflation. Following this strategy of consistent and moderate tax rate increases for a number of years has resulted in Kitchener having amongst the lowest property taxes amongst large cities in Ontario. IF1 - 2 Comparison to Other Municipalities In an independent study conducted annually by BMA Management Consulting Inc. comparing taxation levels across large Ontario municipalities, Kitchener has consistently ranked amongst the most affordable municipalities. In 2014, Kitchener taxes on a comparative bungalow property were third lowest of all Ontario cities with a population over 100,000. Comparison to Inflation For the past number of budgets, considerable attention has been paid by Council to inflation as measured by the Consumer Price Index (CPI) when setting the tax rate increase. In setting most of the recent budgets, Council has approved a tax rate increase that is less than the CPI figure for the current year. For instance, the 2015 tax rate increase of 1.91%, while CPI for 2014 was 2.4%. Citizen Preferences for Tax Rate Increases versus Changes to Service Levels In a statistically significant city-wide survey conducted by Environics in 2013, the majority of residents polled said they preferred tax rate increases at the rate of inflation that maintain current service levels. This is consistent with the results of two similar previous studies. To align with the strategic directions outlined above, the proposed tax rate increase will necessarily yield a largely "status quo" budget that approximates the rate of inflation. The main items that will put pressure on the tax rate to increase by more than the rate of inflation are all items that Council pre-approved for the 2016 budget either during the 2015 budget or in subsequent meetings. These items and their impact on the 2016 budget are summarized in the table below: Preapproved 2016 Budget Items Item $ Amount Tax Rate Impact Fully funding staff approved in 2015 budget $104,000 0.10% Waterloo Regional Economic Development $120,000 0.11% Corporation Centre in the Square additional funding $350,000 0.32% Total - 000 Utility Rates (Water, Sanitary, Storm Water, Natural Gas) During a Strategic Session on August 24, 2015, Council received report INS-15-075 (State of the Infrastructure Update). The report and related presentation focused on the need to replace more of the City's water, sanitary and storm water infrastructure. The conclusion of the report stated: IF1 - 3 A realistic and strategic approach to funding both capital replacement and preventative maintenance activities will ensure the reliability, safety and sustainability of existing and future assets for the City of Kitchener. To ensure a go-forward strategy to address the backlog and on-going replacement, substantial annual rate increases for both replacement and maintenance activities for an extended period of time will be required. The recommended rate increases for these utilities as noted in the presentation were- Utility Rate Increases Utility Rate Increase Sanitary 10.8% Water 7.6% Storm Water 9.2% The natural gas rates are set by Council outside of the budget process. Kitchener Utilities staff will be bringing forward recommendations about the 2016 natural gas rates in a separate report in the fall of 2015 although based on recent market trends it is anticipated that there will be a net reduction in the overall gas rate. Enterprise Rates (Building. Parking. Golf) During the 2015 budget process, the projected 2016 rate increases for these City enterprises were inflationary or less. It is anticipated that the proposed rate increases for these City enterprises will be within those parameters. User Fees Other than outlined above, it is anticipated that user fees will generally be increasing at rates approximating the rate of inflation, between 1% and 2%. Public Engagement Giving consideration to the budget priorities of the public is an important part of the annual budget process. Much of this input happens through other channels such as the consultations that inform City strategies and masterplans. Further, broad-based Strategic Plan engagement (e.g., Environics survey, Your Kitchener Your Say, etc.) is helpful in identifying community priorities for the budget. Staff work diligently to synthesize the results of these initiatives into the budget submission to Council. Within the annual budget process itself, the City has employed a number of different engagement techniques for the last number of years. These have included traditional methods (e.g. mail, phone, public input session) as well as electronic methods (e.g. email, Facebook/Twitter posts, interactive budget web page). For the 2016 budget, a number of these methods will again be employed. IF1 - 4 In addition to the methods mentioned above, Finance staff are investigating the expansion of the budget engagement process in two ways, although not for the 2016 budget. The two ways being considered are 1) additional online engagement and; 2) participatory budgeting. Additional online engagement could take many forms, and will be informed based on the expertise of the new engagement resource that Council approved during the 2015 budget related to e-participation as part of open government. Council approved this staff resource to be hired in the second half of 2015, which does not allow sufficient time to develop new e-participation initiatives for the 2016 budget process, but will potentially allow for additional electronic engagement methods for future budget. Participatory budgeting is a democratic process in which community members directly decide how to spend part of a public budget. The Neighbourhood Strategy which has recently been launched will provide a strong platform from which to engage the community in making financial decisions which directly impact local quality of life. This has been identified as a future phase of work and staff are excited about the prospects of piloting a participatory budget approach as support builds around the Neighbourhood Strategy within the community. Budget Schedule The initial 2016 budget presentations by staff have been scheduled by Council for November 2015, with public input and final budget deliberations planned for January 2016. The table below outlines the meeting dates. 2016 Bud et Dates Date Topic November 2, 2015 2016 User Fees November 23, 2015 2016 Operating Budget November 30, 2015 2016 Capital Budget & Forecast January 2016 (date to be determined) Public Input on 2016 Budget January 2016 (date to be determined) 1 2016 Final Budget Approval ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The recommendation of this report supports the achievement of the city's strategic vision through the delivery of core service. FINANCIAL IMPLICATIONS: There are no financial implications as part of this report. Decisions resulting in financial impacts will be made by Council as part of upcoming budget meetings. COMMUNITY ENGAGEMENT: INFORM - Information about upcoming engagement as part of the 2016 budget process is outlined above in the Public Engagement section of the report. ACKNOWLEDGED BY: Dan Chapman, Deputy CAO, Finance and Corporate Services IF1 - 5