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

2. 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

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%

4. 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
0.80%
REVISED DRAFT BUDGET
$1,588,121
2.99%

5. Average Residential All-in Tax Increase
2015
2016
$ CHANGE
% CHANGE
Town Portion
$ 1,762.15
$ 1,814.84 $
2.99%
Region Portion
1,831.75
1,883.95
52.20
2.85%
Municipal Sub-total
$ 3,593.90
$ 3,698.79 $
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

6. 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

7. 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

8. 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

9. 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