1. THAT the 2024 Capital Budget with a gross amount of $83,732,615 as outlined in Appendix 2 and the 2025-2033 Capital Forecast with a gross amount of $1,369,298,807 as outlined in Appendix 3 of this report be received for review and any amendments made by Council;
2. THAT in accordance with s.s. 5(1) of the Development Charges Act, 1997 and S. 5 of Ontario Regulation 82/98, it is Council’s clear intention that any eligible excess capacity provided by the 2024 Capital Program will be paid for by future development charges;
3. THAT any donations, grants or subsidies applied in the 2024 capital program to projects with development charges funding are to offset the non-growth related costs of those projects unless otherwise specified;
4a) THAT the 2024 Operating Budget for Town and Library resulting in a net tax levy of $98,923,879 assuming 2.29% net assessment growth, as outlined on Appendix 4 of this report save and except the portion of the Seniors Programs Salaries and Benefits, be received for review and any amendments made by Council;
5. THAT, if the actual net taxable assessment growth is different than 2.29%, any increase in the tax dollars generated from the Town portion of assessment growth for 2024 taxation be transferred to the Tax Rate Stabilization Reserve or any decrease in tax dollars generated from the Town portion of assessment growth for 2024 taxation be funded from the Tax Rate Stabilization Reserve;
6. THAT the non-union salary range adjustment for 2024 be approved at a rate of 2.1%;
7. THAT the 2025-2026 operating forecast for the Town, including the Library, with a combined net increase in the tax levy of $27.1 million as outlined in Appendix 5 of this report (or as potentially revised) be received;
8. THAT the transfers to and from Reserves and Reserve Funds within the 2024 Budget as outlined in Appendix 6 (or as potentially revised) be received;
9. THAT the Milton BIA budget in the gross amount of $487,675 resulting in a net tax levy of $270,990, as outlined in Appendix 7, be received for review and any amendments made by Council.
*This recommendation varies from the recommendation contained in Staff Report CORS-057-23.