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Ottawa councillors will debate and vote on town’s 2024 working and capital budgets on Wednesday morning. Right here’s a breakdown of what these budgets may seem like.
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The 2024 draft working finances is predicted to extend by $113 million from the yr prior, or 2.5 per cent, with a complete of $4.6 billion. The working finances funds the whole lot that retains town’s lights on, together with employees salaries.
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The town funds the working finances by way of property taxes, transfers from different ranges of presidency and extra. Property taxes are set to rise by 2.5 per cent this yr, in response to the draft finances.
Transit, group and social providers and police and different emergency providers are a number of the big-ticket gadgets. The proposed working finances contains $99 million for social housing and $65 million for Ottawa’s homelessness prevention program.
Funding for many metropolis departments, together with police, is rising by 2.5 per cent from final yr, consistent with the tax enhance. Police chief Eric Stubbs has warned this proposed 2.5-per-cent enhance isn’t sustainable for future years.
Workers salaries make up greater than 40 per cent of town’s working prices. The proposed finances additionally contains 42 new full-time equal positions for emergency personnel, together with 12 employees for a brand new Kanata Fireplace Station and 28 paramedics. The town has additionally budgeted to rent 3.5 full-time positions to supervise the “Nightlife Financial system Motion Plan.” The draft finances additionally features a discount of 17 positions in the neighborhood and social providers division.
The town funds large-scale initiatives, like LRT growth, by way of its capital finances. The proposed $1.24-billion capital finances options $239 million for transit infrastructure, together with the second section of LRT.
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