Priorities and Finance Committee Meeting - February 22, 2018
The Priorities and Finance Committee recommended that Council: 1) review the Supplementary Property Assessment Bylaw and Supplementary Property Tax Bylaw for 2018, and; 2) forward the associated report to the March 19, 2018 Regular Meeting of Council. Council has passed similar bylaws each year. Creating a bylaw based on these recommendations will give The City the authority to prepare assessments in order to levy 2018 supplementary property taxes.
The Priorities and Finance Committee recommended that council direct administration to: 1) put forward strategic growth recommendations in Q2 2018 that increase the level of City commitment and investment in new communities in the next four year cycle and beyond; 2) produce a report on the implementation of the New Community Growth Strategy no later than Q4 2019, and; 3) bring forward, no later than Q3 2018, findings and recommendations regarding the development of an Established Areas Growth Strategy, including funding and timing considerations, to complement the New Community Growth Strategy.
The recommendations support economic development, give The City the flexibility to react to shifts in market demand and address Industry’s interest in investing in new community development. They also maintain balance between the ownership of oversight and accountability, the risks of said ownership and the opportunity for industry partnership.