5.THAT the 2023 Town and Library operating budget be approved with a tax levy of $88,012,259 assuming 2.28% net assessment growth, save and except for the portion of the Program Salaries and Benefits related to Fitness in the amount of $314,049
7.THAT, if the actual net taxable assessment growth is different than 2.28%, any increase in the tax dollars generated from the Town portion of assessment growth for 2023 taxation be transferred to the Tax Rate Stabilization Reserve or any decrease in tax dollars generated from the Town portion of assessment growth for 2023 taxation be funded from the Tax Rate Stabilization Reserve;
8. THAT the non-union salary range adjustment for 2023 be approved at a rate of 2.0%;
9. THAT the $0.7 million of funding from the Tax Rate Stabilization Reserve utilized in the 2023 budget be phased out of the operating budget by 2026;
10. THAT the $1.0 million in asset management funding that was eliminated within the 2023 budget be re-instated and increased within the Town’s budget beginning in 2024 such that the Town’s long-term funding strategy is restored by 2026;
11. THAT the transfers to and from Reserves and Reserve Funds within the 2023 Proposed Budget as outlined in Appendix 4 (or as amended by Council) be approved;
12.THAT the 2024-2025 operating forecast for the Town, including the Library, with a combined net increase in the tax levy of $15.9 million as outlined in Appendix 5 of this report be approved in principle, and as potentially revised, subject to future annual reviews as part of the budget process;
13. AND THAT, pending the results of the Town budget, that the Milton BIA expenditures included in the 2023 budget be approved in the gross amount of $406,487, including additional funding from the Town in the amount of $38,281, and having a net tax levy of $258,086.