Corporate Services Committee

That the 2022 budget be approved in principle, as presented, including the adjustments noted in the October 21, 2021, report, at a net increase of 4.80% with any adjustments due to variances in estimated new tax base growth to be assigned to transfers to reserves for transit and/or roads and bridges infrastructure; and, That an Infrastructure Renewal Capital Levy be instituted starting in 2022 at a 1.50% increase to the County levy and to be increased annually by an additional 1.50% levy increase, and be reviewed during each annual budget process; and That a by-law be prepared for Council adoption establishing the levy and corresponding tax rates and tax ratios.

That in accordance with the Procedure By-law, staff be authorized and directed to give effect to the actions of the Corporate Services Committee in respect of all resolutions passed during the October 28, 2021, meeting.