The official website of the City of London300 Dufferin Avenue519-661-CITY (2489)

2016-2019 Multi-Year Proposed Budget


City of London administration has tabled a multi-year budget that covers 2016, 2017, 2018, and 2019.  The starting point for the multi-year budget as proposed to City Council this afternoon contains an average annual increase of 2.6%.

This 2.6% equates to an annual average increase of $71 (based on the average home price of $221,000). This is considered the starting point as this increase results from existing programs and services.

City Council will still have to decide what new or expanded initiatives from their Strategic plan will be funded and this could result in an additional increase of 0.5% which equates to an additional $14 (based on the average home price of $221, 000).

When combining these two, Londoners could be looking at an annual average of 3.1% ($85 based on the average home price of $221,000).

 

Presentations to Council

January 11, 2016 - Proposed 2016-2019 Multi-Year Budget

January 16, 2016 and January 20, 2016 - Build A Budget for Multi-Year

January 28, 2016 - 2016-2019 Budget Deliberations

February 18, 2016 - 2016-2019 Budget Deliberations

February 19, 2016 - 2016-2019 Budget Deliberations

February 24, 2016 - 2016-2019 Budget Deliberations

Proposed 2016-2019 Budget

Introduction (pages 1-3)

Recommendations (pages 4-11)

Executive Summary (pages 12-28)

2016-2019 Multi-Year Base Budget (pages 29-47)

Strategic Investments - Highlights (pages 48-59)

Other Financial Information (pages 60-80)

Service Program Overview (pages 81-187)

Capital Budget Overview (pages 188-234)

Reserves & Reserve Funds Overview (pages 235-248)

Debt Overview (pages 249-251)

Strategic Investments (Business Cases) (pages 252-388)

ADDED (February 2016) Strategic Investments (Business Cases)

Click here to view the Proposed 2016-2019 Detailed Budget

 

2016-2019 Water and Wastewater & Treatment Budget

City Council approved the 2016 water and wastewater & treatment rates on December 8, 2015 in keeping with the utilities’ long-term plans. The 3% increases effective January 1, 2016 translate into an approximate $24 increase for the average residential ratepayer consuming 165.4 m3 of water per year.  The proposed 2016-2019 operating and capital budgets for water and wastewater & treatment have been prepared using forecasted rate increases of 3% each year, consistent with the 2015 Water Financial Plan. 

The water and wastewater & treatment budgets will be reviewed by Council on February 24, 2016.  Final Council approval is scheduled for March 10, 2016.

Presentations to Council

January 11, 2016 - Proposed Water and Wastewater & Treatment Budgets

March 5, 2016 - Proposed Water and Wastewater & Treatment Budgets Presentation