Special General Committee Meeting

That the information update provided by staff be received.

That the Confidential Session adjourn at 3:23 PM.

1. That the report dated April 4, 2023 titled, “2023 Operating and Capital Budgets” be received; and, 2. That Council approve a 3.0% property tax rate increase to the City’s tax levy as follows: a. 93% for Markham’s day-to-day operations; and, b. 60% infrastructure investment; and, c. 47% for the payback of the Corporate Stabilization Reserve; and, 3. That Council give further consideration in budget 2024 for provisions related to Bill 23, More Homes Built Faster Act, 2022 as follows: 4 a. 97% for salary recoveries previously funded through Development Charges; and, b. 03% provision for future Bill 23 impacts related to parkland, growth studies and reduced Development Charge collection impacts; and, 4. That Council approve the 2023 Primary Operating Budget for City services of $271,147,876, as detailed in Appendix 1; and, 5. That Council approve the remaining 2023 Capital Budget of $164,103,400 for a total of $223,943,300 ($164,103,400 + $59,839,900 pre-approved), as per projects detailed in Appendix 2; and, 6. That Council approve the 2023 Planning & Design Operating Budget totalling $13,235,215, as detailed in Appendix 3; and, 7. That Council approve the 2023 Engineering Operating Budget totalling $11,130,096, as detailed in Appendix 4; and, 8. That Council approve the 2023 Building Standards Operating Budget totalling $11,346,072, as detailed in Appendix 5; and, 9. That Council approve the 2023 Waterworks Operating Budget totalling $141,242,580, as detailed in Appendix 6;

That the deputation from Barry Nelson be received.

That, in accordance with Section 239 (2) of the Municipal Act, General Committee resolve into a confidential session to discuss the following matters:

That the information update provided by staff be received. 6

The the Special General Committee Meeting adjourn at 3:25 PM.