AgendaThe Council of The Regional Municipality of YorkMeeting #:Date:Thursday, June 20, 2019Time:Immediately following the Board of Health meetingLocation:Council Chambers17250 Yonge Street, NewmarketQuorum: 11A.Call to Order B.Disclosures of Interest C.Presentations C.12020 Budget Context Bruce Macgregor, Chief Administrative OfficerC.2Fiscal Sustainability Update Laura Mirabella, Commissioner of Finance and Regional Treasurer (See Item F.1)D.Deputations (Subject to Council granting deputant status.) NoneE.Communications E.1Provincial Funding Reductions and Legislative Changes Affecting York Region Budget 1.Memorandum_-_Provincial_Funding_Reductions_and_Legislative_Changes_Affecting_York_Region_Budget.pdf2.Att 1 - Impact_of_Provincial_Funding_Reductions_-_Table.pdfLaura Mirabella, Commissioner of Finance and Regional Treasurer dated June 12, 2019 Recommendation: ReceiveF.Reports F.1Fiscal Sustainability Update 1.Fiscal_Sustainability_Update.pdfReport dated June 12, 2019 from the Commissioner of Finance recommending that: Council receive this report for information. F.2Transportation Capital Acceleration Reserve Fund 1.Transportation_Capital_Acceleration_Reserve_Fund.pdfReport dated June 12, 2019 from the Commissioner of Finance recommending that: Council approve that the Roads Capital Acceleration Reserve be renamed to Transportation Capital Acceleration Reserve Fund. Council authorize funding required for the Transportation Capital Acceleration Reserve Fund from the following tax levy sources: 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 A $10.1 million contribution from the 2018 operating surplus, plus Draws from the Roads Infrastructure Reserve using money freed up by the one-time 2019 Federal Gas Tax Municipal Top-Up funding, plus Transfers from the Debt Reduction Reserve as required, plus Interest earned on this reserve, plus Any additional future contributions as per Council direction. 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. Council amend the Reserve and Reserve Fund Policy to include the addition of the Transportation Capital Acceleration Reserve Fund, as described in this report. The Regional Solicitor be authorized to prepare the necessary bylaws for this reserve. G.Other Business H.Private Session H.1Summary of Potential Savings for 2020 Budget Directions - Negotiations I.Confirmatory Bylaw 1.2019-36_Confirmatory_Bylaw_-_Regional_Council_Meeting_-_June_20__2019.pdfIntroduction of Bylaw 2019-36 to confirm the proceedings of Council at this meetingJ.Adjournment No Item Selected This item has no attachments1.Fiscal_Sustainability_Update.pdf1.Transportation_Capital_Acceleration_Reserve_Fund.pdf1.2019-36_Confirmatory_Bylaw_-_Regional_Council_Meeting_-_June_20__2019.pdf1.Memorandum_-_Provincial_Funding_Reductions_and_Legislative_Changes_Affecting_York_Region_Budget.pdf2.Att 1 - Impact_of_Provincial_Funding_Reductions_-_Table.pdf