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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