Chris Mackie, Resident inquired about funding for pools versus the Port Credit Marina, the Public Safety Reserve Fund, the Operating Budget and the tax assessment growth.
Shari Lichterman responded by noting that the pool replacements are due to their end of life cycle and that the new pool can be utilized to generate efficiencies as well as meet the community demand for a therapy pool and program expansion. The Port Credit Marina has a longer timeline in comparisons to the end of life cycle pool replacements and the City is seeking financial supports from other levels of government.
Jeff Jackson responded by noting the Public Safety Reserve Fund includes the fire stations, staffing, equipment, the Fire Inspection Program. He further added that once the funding is no longer required the funding moves from the Capital budget to the Operating budget.
Mr. Jackson and Gary Kent responded by noting the factors causing the incremental increase are related to infrastructure levy, normal business procedures, new initiatives, the Public Safety Reserve Fund and the Emerald Ash Borer.
Bonnie Brown responded by noting that the increase to the tax assessment is based on new construction and/or business expansion.