That Council: 1. Approve the plan and budget adjustments as articulated in the following: a. REVISED Attachment 3 Recommended Investments, subject to the following changes: i. With respect to the Grey Cup Committee and the Quebéc-Calgary Committee (Carnaval Committee): 1. Allocate $25,000 in one-time operating budget in 2025 and $25,000 in one-time operating budget in 2026 towards existing Grey Cup Committee budget ;(Arts and Culture) ;for their annual event, to be funded from Fiscal Stability Reserve (FSR) which is scheduled to receive an estimated $38 million favourable year-end variance; 2. Allocate $25,000 in one-time operating budget in 2025 and $25,000 in one-time operating budget in 2026 towards existing Carnaval Committee (Arts and Culture) budget for their annual event, to be funded from Fiscal Stability Reserve (FSR) which is scheduled to receive an estimated $38 million favourable year-end variance; and 3. Use the actual expenditure amounts from 2025 and 202
Motion C2024-1097 bundles three council directions: 1) re-create a Finance and Budget Committee to do detailed reviews of operating budgets and oversee service planning each four-year term, 2) reverse the 2023 transit fare freeze so fare changes can resume and move $3,000,000 into the Primary Transit Network, and 3) ask the provincial government to waive Section 358.1 of the Municipal Government Act to avoid shifting tax burden between residential and non‑residential property classes.
These steps increase council oversight of how money and services are planned, could restart changes to transit fares while directing new funds to transit network improvements, and seek temporary provincial relief to prevent tax-class shifts while assessment values rebalance.