10-Year Financial Plan Progress

March 10, 2015

We are busy creating a draft of our first ever 10-Year Financial Plan, after our first People’s Panel presented their recommendations to Council late last year.

We wanted to update you on our progress after you took the time to use our budget simulator and show us what services matter most to you.

In late November 2014, Council resolved that recommendations on revenue and spending priorities from the People’s Panel would be embedded into the city’s first 10-Year Financial Plan.

Analysis and financial modeling on these recommendations is now taking place with the People’s Panel report to be included as a whole into the draft 10-Year Financial Plan as a key reference document, including an explanation on if, how, and the extent to which, each recommendation can be acted upon.

A draft of the decade long financial plan, including these recommendations, will be considered by Council in April this year.

We’ll continue to keep you updated on the process and further opportunities to share your views. In the meantime, enjoy our new videos which highlight the overall community engagement process and the experiences of being on the People Panel.