How Stephen Holyday voted at council

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1. 2023.EX7.1AMENDED

   Updated Long-Term Financial Plan

   Following the 2023 Budget Process, the City, with the support of an independent third-party, updated its financial model to assess the long-term fiscal risks anticipated in the next 10 years. This updated analysis was presented to City Council in March 2023 and indicated that the City faces a combined operating and capital pressure of $46.5 billion over 10 years, a pressure which has been created over decades. The analysis represented the City's first 10-year consolidated operating and capital financial model. The purpose of this report is to provide an updated Long-Term Financial Plan (LTFP) which identifies and considers immediate and long-term opportunities to address the City's fiscal challenges, including options to review operating expenditures, financial incentives, new and existing revenue tools, capital prioritization, asset transactions, and intergovernmental funding arrangements. From the opportunities identified in Attachment 1, staff have assessed these and are recommending implementation or further exploration of a subset of options, some of which are expected to realize financial benefits as early as 2024. However, it's important to highlight that these actions alon…

   City Council · 2023-09-06 21:11 PM

   Adopt Item as Amended

   Stephen Holyday's vote: Yes

   Majority required - Adoption of Executive Committee Recommendation 15 only

   Motion result

   Carried

   Recorded tally

   21-2

   Source outcome