Special Finance Committee

That a resolution be presented to Council to adopt the Post Retirement Amortization report in accordance with Ontario Regulation 284/09.

That Committee recess for the day and reconvene, as planned, on Thursday, February 2 2023 at 9:00 a.m.

That all 4 donation requests received be approved for the requested amounts and included in the 2023 budget.

That Community Care Northumberland receive the indicated grant amount of $9250 funded from the Levy and that it be incorporated in the 2023 budget.

That Council approve the Foundational Funding Service Agreements for Capitol Theatre, Critical Mass, and Float Your Fanny Down the Ganny for the amount of $125,000 and that it be incorporated in the 2023 budget.

That staff be directed to prepare the necessary agreements required to have the remaining community grant requests reviewed and approved by a qualified external peer review.

That the library budget be held at the 2022 allocation amount.

That the 9.1% increase requested by the Port Hope Public Library Board be approved .

municipalities across the Province, including the Municipality of Port Hope, face a major infrastructure funding shortfall due in part to inflationary pressures and the impact of climate change; and Whereas climate change has further created an increased risk of additional infrastructure failure that could result in impacts to the health and safety of the community, and significant negative impacts to municipal finances; and Whereas an additional levy dedicated specifically to addressing that infrastructure funding gap would help address this challenge and work towards closing the funding gap; Therefore, I would like to move that a dedicated levy of 2.6% be established in the 2023 budget and reviewed on an annual basis until such a point that the infrastructure gap is further closed, in order to specifically address the infrastructure funding needs required to mitigate the challenges of inflation and climate change and to move closer to meeting the needs identified through asset management planning related to core infrastructure.

the Municipality would benefit from diversifying its tax base and from leveraging additional economic development opportunities related to easing the future tax burden on the residents of Port Hope; and Whereas the proposed budget related to economic development is modest and requires additional investment in order to take advantage of greater economic development opportunities; Therefore, an additional amount of $287,500 be included in the proposed 2023 Planning and Development Department Budget in order to address a part-time Grant writer, a Tourism strategy, and a business marketing strategy for attracting new industry; And that an increase of bank interest in the amount of $100,00 be included as revenue and that $32,000 be removed from the proposed budget related to the operation of the Visitors Information Centre.

That an additional $20,000 be included in the proposed Rural Roads operating budget to be used for regular tree maintenance.

That the proposed Fire Prevention and Education Officer position be included in the budget

That an additional $35,000 be included in the proposed budget for HBIA.

That a by-law be prepared for presentation to Council to approve the municipal budget, as amended by the Finance Committee.

Recommend that the 2023 Special Services report be received for information.

That this matter be referred back to the HBIA for additional discussion and for their strategic plan to be presented to Council prior to the approval of their budget.