Budget Committee

That the deputation by Nikki Hayes and Martin Field, Residents to speak on the potential Tax Savings associated with creating an Animal Care Committee be received. Received 4.2 Gary Kent, Commissioner of Corporate Services and Chief Financial Officer and Jeff Jackson, Director of Finance and Treasurer to present the COVID-19: Financial Recovery Pillar, 2020 Financial Update and the Preliminary 2021 Operating Budget. (Item 6.1 and 6.2) Mr. Kent and Mr. Jackson provided an overview on the Impacts of COVID-19 Pandemic, the Financial Recovery Pillar, and the 2021 Budget. Mr. Kent noted the focus areas as the recovery pillars, the fundamental principles, future projections, offsetting the deficit and the echoes of the pandemic. Mr. Jackson noted the economic outlook, the budget engagement and timelines as well as the operating and capital impacts. Discussion took place under Item 6.1. RECOMMENDATION BC-0002-2020 Moved By Counicllor S. McFadden That the deputation and associated presentation by Gary Kent, Commissioner of Corporate Services and Chief Financial Officer and Jeff Jackson, Director of Finance and Treasurer to present the COVID-19: Financial Recovery Pillar, 2020 Financial Update and the Preliminary 2021 Operating Budget be received for information. Received 5. PUBLIC QUESTION PERIOD - 15 Minute Limit You may pre-register to present your question to Budget Committee on a matter on the agenda via WebEx during the Public Question Period, at [email protected] by Monday, Jun

That the report of the Commissioner of Corporate Service and Chief Financial Officer dated June 17, 2020 and titled “COVID-19: Financial Recovery Pillar” be received for information. YES (12) Mayor Crombie, Councillor S. Dasko, Councillor K. Ras, Councillor C. Fonseca, Councillor J. Kovac , Councillor C. Parrish, Councillor R. Starr, Councillor D. Damerla, Councillor M. Mahoney, Councillor P. Saito, Counicllor S. McFadden, and Councillor G. Carlson

That the report of the Commissioner of Corporate Services and Chief Financial Officer dated June 12, 2020 entitled “Update on the Financial Impacts of COVID-19” be received for information. That staff report at the October 7, 2020 Budget Committee meeting on additional steps the City can take to fund the 2020 deficit. That the 2021 budget deliberations remain as scheduled to begin on November 23, 2020 with approval if appropriate at Council on December 9, 2020. That the Province be requested to eliminate the legislated 5 per cent cap specific in O.Reg 282/98 section 45.1(9) on the GTAA Payment in lieu of taxes. YES (12) Mayor Crombie, Councillor S. Dasko, Councillor K. Ras, Councillor C. Fonseca, Councillor J. Kovac , Councillor C. Parrish, Councillor R. Starr, Councillor D. Damerla, Councillor M. Mahoney, Councillor P. Saito, Counicllor S. McFadden, and Councillor G. Carlson

That the “Works in Progress Report as at May 31, 2020” report dated June 9, 2020 from the Commissioner of Corporate Services and Chief Financial Officer, including appendices 2-1 to 3-3, be approved; That the Treasurer be authorized to fund and close the capital projects as identified in this report; That all necessary by-laws be enacted. YES (12) Councillor G. Carlson , Counicllor S. McFadden, Councillor P. Saito, Councillor M. Mahoney, Councillor D. Damerla, Councillor R. Starr, Councillor C. Parrish, Councillor J. Kovac , Councillor C. Fonseca, Councillor K. Ras, Councillor S. Dasko, and Mayor Crombie

That the Corporate Report from the Commissioner of Transportation and Works dated May 28, 2020 and entitled “2021 through 2029 Winter Maintenance Contract” be

That the Corporate Report entitled “Park Development – Use of Consultants” dated June 9, 2020 from the Commissioner of Community Services be received. YES (12) Mayor Crombie, Councillor S. Dasko, Councillor K. Ras, Councillor C. Fonseca, Councillor J. Kovac , Councillor C. Parrish, Councillor R. Starr, Councillor D. Damerla, Councillor M. Mahoney, Councillor P. Saito, Counicllor S. McFadden, and Councillor G. Carlson

That the deputation and associated presentation by Gary Kent, Commissioner of Corporate Services and Chief Financial Officer and Jeff Jackson, Director of Finance and Treasurer to present the COVID-19: Financial Recovery Pillar, 2020 Financial Update and the Preliminary 2021 Operating Budget be received for information. Received 5. PUBLIC QUESTION PERIOD - 15 Minute Limit Chris Mackie, MIRANET asked a number of questions relating to Items 4.2, 6.1 and 6.2;  If no financial assistance is available from the Provincial or Federal Governments, what measures does staff recommend to fund the year-end net deficit of $63.4 million?  The Fiscal Stability Reserve is $53.1 million dollar, is approximately $25 million dollars available for rate stabilization?  The annual expenditure for the Emerald Ash Borer (EAB) program was originally approved at $5.6 million. How is a potential saving of $6.7 million achieved in 2020?  Why is it advantageous for the City to complete approval of the 2021 Budget before discussions commence for the Region of Peel's Budget on December 10, 2020?  The annualized impacts for 2021 & 2022 are driven by a shortfall of MiWay revenues (2021) and MiWay and GTAA PILT revenues in 2022. What measures are recommended to reduce the MiWay shortfall? Gary Kent, Commissioner of Corporate Services and Chief Financial Officer, Jeff Jackson, Director of Finance and Geoff Wright, Commissioner of Transportation and Works responded to the questions from the public:  The C

That the report of the Commissioner of Corporate Service and Chief Financial Officer dated June 17, 2020 and titled “COVID-19: Financial Recovery Pillar” be received for information. YES (12): Mayor Crombie, Councillor S. Dasko, Councillor K. Ras, Councillor C. Fonseca, Councillor J. Kovac , Councillor C. Parrish, Councillor R. Starr, Councillor D. Damerla, Councillor M. Mahoney, Councillor P. Saito, Councillor S. McFadden, and Councillor G. Carlson

1. That the report of the Commissioner of Corporate Services and Chief Financial Officer dated June 12, 2020 entitled “Update on the Financial Impacts of COVID-19” be received for information. 2. That staff report at the October 7, 2020 Budget Committee meeting on additional steps the City can take to fund the 2020 deficit. 3. That the 2021 budget deliberations remain as scheduled to begin on November 23, 2020 with approval if appropriate at Council on December 9, 2020. 4. That the Province be requested to eliminate the legislated 5 per cent cap specific in O.Reg 282/98 section 45.1(9) on the GTAA Payment in lieu of taxes. YES (12): Mayor Crombie, Councillor S. Dasko, Councillor K. Ras, Councillor C. Fonseca, Councillor J. Kovac , Councillor C. Parrish, Councillor R. Starr, Councillor D. Damerla, Councillor M. Mahoney, Councillor P. Saito, Councillor S. McFadden, and Councillor G. Carlson

1. That the “Works in Progress Report as at May 31, 2020” report dated June 9, 2020 from the Commissioner of Corporate Services and Chief Financial Officer, including appendices 2-1 to 3-3, be approved; 2. That the Treasurer be authorized to fund and close the capital projects as identified in this report; Budget Committee - 2020/06/24 6 3. That all necessary by-laws be enacted. YES (12): Mayor Crombie, Councillor S. Dasko, Councillor K. Ras, Councillor C. Fonseca, Councillor J. Kovac , Councillor C. Parrish, Councillor R. Starr, Councillor D. Damerla, Councillor M. Mahoney, Councillor P. Saito, Councillor S. McFadden, and Councillor G. Carlson

That the Corporate Report entitled “Park Development – Use of Consultants” dated June 9, 2020 from the Commissioner of Community Services be received. YES (12): Mayor Crombie, Councillor S. Dasko, Councillor K. Ras, Councillor C. Fonseca, Councillor J. Kovac , Councillor C. Parrish, Councillor R. Starr, Councillor D. Damerla, Councillor M. Mahoney, Councillor P. Saito, Councillor S. McFadden, and Councillor G. Carlson