2016 Draft Budget Special Committee of the Whole January 11, 2016 Presenter: Mike Mayes - Director, Financial Services/Treasurer 1

2016 Budget Goals 1 2 6 3 5 4 Maintain service levels Address Budget drivers Continue to deliver on Council priorities 1 Budget 2 6 3 5 4 Balance risk Stay within the 2.5% tax increase target Financial sustainability 3

Additional reductions since December 7 CoW Tax Impact $ Tax Impact % Funding for Natural Heritage Coordinator $105,000 0.20% CYFS growth allocation 15,921 0.03% Library grant 10,000 0.02% Other minor adjustments 2,164 0.00% TOTAL REDUCTIONS $133,085 0.25%

Operating Budget updates since last presentation Tax increase $ Tax increase % Draft Budget – December 7, 2015 $1,290,123 2.43% Total reductions -133,085 -0.25% Additions – outdoor skating rinks 6,500 0.01% Subtotal $1,163,538 2.19% Infrastructure levy 424.583 0.80% REVISED DRAFT BUDGET $1,588,121 2.99%

Average Residential All-in Tax Increase 2015 2016 $ CHANGE % CHANGE Town Portion $ 1,762.15 $ 1,814.84 $ 52.69 2.99% Region Portion 1,831.75 1,883.95 52.20 2.85% Municipal Sub-total $ 3,593.90 $ 3,698.79 $ 104.89 2.92% School Board Portion 878.87 0.00 0.00% TOTAL $ 4,472.77 $ 4,577.66 2.35% Based on an average assessment of $450,072 No increase in the School Board is anticipated at this time This does not factor in tax shifting

2017-19 Outlook (excluding Infrastructure Levy) TAX INCREASE 2016 DRAFT BUDGET 2017 2018 2019 Starting point based on known drivers, subject to refinement Base budget (Town) 1.49 1.50 CYFS – including growth 1.30 1.66 Newmarket Public Library 0.22 0.15 Phasing of 2015 enhancements 0.33 0.27 0.26 Growth expenses (excludes CYFS) 0.68 0.30 Growth revenue (1.00) Enhancements 0.01 Revenue adjustments 1.59 0.23 Other one-time adjustments 0.43 Adjustments to capital financing (0.42) Other reductions (2.44) TBD TOTAL - prior to refinement 2.19 3.08 2.71 2.45

Capital Budget updates since last presentation Draft capital budget presented December 14, 2015 $ 28,082,224 Trail from Yonge Street to Rita's Avenue – additional funding not approved -630,000 Magna Centre renovation re: fitness centre – deferred to January 11, 2016 -300,000 Reduction in projects funded by the Asset Replacement Fund (ARF) -714,450 DRAFT BUDGET – January 11, 2016 $ 26, 437,774

2016 Capital Budget Growth Replacement Other TOTAL FUNDING DC $ 7,447,050 0  $ 7,447,050 ARF 28,500 $ 10,130,124 $ 150,000 10,308,624 Reserve Funds 1,846,400 90,000 1,936,400 General 15,550 41,300 443,150 500,000 3,000,000 2,100,000 1,145,700 6,245,700 Total $ 12,337,500 $ 12,271,424 $ 1,828,850 $ 26,437,774

Next Steps Budget recommendations will be forwarded to Council on January 18 for approval April reports: Reconciliation of approved budget to financial statement presentation 2015 Capital Carryovers Reserves and Reserve Funds budget Final tax rates and billing - June