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
Majority required - Adoption of Executive Committee Recommendation 15 only
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City Council · 2023-09-06 21:09 PM
Majority required - Adoption of Executive Committee Recommendation 14 only
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City Council · 2023-09-06 21:08 PM
Majority required - Adoption of Executive Committee Recommendation 9 only
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City Council · 2023-09-06 21:06 PM
Majority required - Adoption of Executive Committee Recommendation 8 as amended only
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City Council · 2023-09-06 21:05 PM
Majority required - Adoption of Executive Committee Recommendation 7 only
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City Council · 2023-09-06 21:04 PM
Majority required - Adoption of Executive Committee Recommendation 6 only
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City Council · 2023-09-06 21:02 PM
Majority required - Adoption of Executive Committee Recommendation 5d only
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City Council · 2023-09-06 21:01 PM
Majority required - Adoption of Executive Committee Recommendation 5c only
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City Council · 2023-09-06 21:00 PM
Majority required - Adoption of Executive Committee Recommendation 5b as amended only
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City Council · 2023-09-06 20:57 PM
Majority required - Adoption of Executive Committee Recommendation 3 only
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City Council · 2023-09-06 20:56 PM
Majority required - EX7.1 - Adoption of Executive Recommendation 2 only
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City Council · 2023-09-06 20:50 PM
Majority required - EX7.1 - Carroll - motion 10b, Part 1 only
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City Council · 2023-09-06 20:47 PM
Majority required - EX7.1 - Bradford - motion 9b
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City Council · 2023-09-06 20:45 PM
Majority required - EX7.1 - Bradford - motion 9a as amended
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City Council · 2023-09-06 20:44 PM
Majority required - EX7.1 - Carroll - motion 10c
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City Council · 2023-09-06 20:41 PM
Majority required - EX7.1 - Cheng - motion 7c
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City Council · 2023-09-06 20:40 PM
Majority required - EX7.1 - Cheng - motion 7b
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City Council · 2023-09-06 20:39 PM
Majority required - EX7.1 - Cheng - motion 7a
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City Council · 2023-09-06 20:37 PM
Majority required - EX7.1 - Pasternak - motion 6
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City Council · 2023-09-06 20:35 PM
Majority required - EX7.1 - Thompson - motion 5
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City Council · 2023-09-06 20:34 PM
Majority required - EX7.1 - Mantas - motion 4
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City Council · 2023-09-06 20:33 PM
Majority required - EX7.1 - McKelvie - motion 2b
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City Council · 2023-09-06 20:32 PM
Majority required - EX7.1 - Holyday - motion 1h
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City Council · 2023-09-06 20:30 PM
Majority required - EX7.1 - Holyday - motion 1g
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City Council · 2023-09-06 20:28 PM
Majority required - EX7.1 - Holyday - motion 1f
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City Council · 2023-09-06 20:27 PM
Majority required - EX7.1 - Holyday - motion 1e
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City Council · 2023-09-06 20:26 PM
Majority required - EX7.1 - Holyday - motion 1d
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City Council · 2023-09-06 20:25 PM
Majority required - EX7.1 - Holyday - motion 1c
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City Council · 2023-09-06 20:24 PM
Majority required - EX7.1 - Holyday - motion 1b
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City Council · 2023-09-06 20:22 PM
Majority required - EX7.1 - Carroll - motion 10a
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City Council · 2023-09-06 20:21 PM
Majority required - EX7.1 - Saxe - motion 8a, Part 2 only
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City Council · 2023-09-06 20:19 PM
Majority required - EX7.1 - Saxe - motion 8a, Part 1 only
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City Council · 2023-09-06 20:18 PM
Majority required - EX7.1 - McKelvie - motion 2a
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City Council · 2023-09-06 20:16 PM
Majority required - EX7.1 - Holyday - motion 1a
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