Agenda

The Council of

The Regional Municipality of York

Meeting #:
Date:	Thursday, June 20, 2019
Time:	Immediately following the Board of Health meeting
Location:	Council Chambers 17250 Yonge Street, Newmarket

Quorum: 11

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A.

Call to Order

B.

Disclosures of Interest

C.

Presentations

C.1

2020 Budget Context

Bruce Macgregor, Chief Administrative Officer

C.2

Fiscal Sustainability Update

Laura Mirabella, Commissioner of Finance and Regional Treasurer

(See Item F.1)

D.

Deputations

​(Subject to Council granting deputant status.)​

None

E.

Communications

E.1

Provincial Funding Reductions and Legislative Changes Affecting York Region Budget

Laura Mirabella, Commissioner of Finance and Regional Treasurer dated June 12, 2019

Recommendation: Receive

F.

Reports

F.1

Fiscal Sustainability Update

Report dated June 12, 2019 from the Commissioner of Finance recommending that:

1. Council receive this report for information.

F.2

Transportation Capital Acceleration Reserve Fund

Report dated June 12, 2019 from the Commissioner of Finance recommending that:

1. Council approve that the Roads Capital Acceleration Reserve be renamed to Transportation Capital Acceleration Reserve Fund.
2. Council authorize funding required for the Transportation Capital Acceleration Reserve Fund from the following tax levy sources:
   1. The one per cent additional tax levy approved as part of the 2019 Budget for the Transportation Capital Acceleration Reserve Fund, equivalent to $10.7 million per year, plus
   2. A $10.1 million contribution from the 2018 operating surplus, plus
   3. Draws from the Roads Infrastructure Reserve using money freed up by the one-time 2019 Federal Gas Tax Municipal Top-Up funding, plus
   4. Transfers from the Debt Reduction Reserve as required, plus
   5. Interest earned on this reserve, plus
   6. Any additional future contributions as per Council direction.                                                                                                             
3. Funds advanced from this reserve would be repaid from development charge collections in the year the accelerated projects were originally scheduled to be funded in the Region’s capital plan.
4. Council amend the Reserve and Reserve Fund Policy to include the addition of the Transportation Capital Acceleration Reserve Fund, as described in this report.                
5. The Regional Solicitor be authorized to prepare the necessary bylaws for this reserve.

G.

Other Business

H.

Private Session

H.1

Summary of Potential Savings for 2020 Budget Directions - Negotiations

I.

Confirmatory Bylaw

Introduction of Bylaw 2019-36 to confirm the proceedings of Council at this meeting

J.

Adjournment