Recommendation:
That it BE NOTED that:
a) assessment
growth related costs of $6.7 million for 2016 exceed the projected available
assessment growth revenue of $6.6 million for 2016 (see Assessment Growth
Summary Page 72); it being noted that 2017-2019 assessment growth funding and
allocations will be brought forward to Municipal Council during the annual
budget adjustments update; and
b) the
City Treasurer, Chief Financial Officer, or designate, will report back by
March 2016 on the allocation of that revenue, in accordance with the
Assessment Growth Policy adopted by Municipal Council.
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