City finance staff presented Ottawa's draft budget on Nov. 13, 2024. They're relying on payments in lieu of taxes for 3.7 per cent of the city's revenue.
In a budget worth billions, the last-minute changes councillors proposed and debated during Wednesday's vote were miniscule by comparison.Ottawa city councillors passed the 2025 budget with a 3.9 per cent tax increase on Wednesday. Three councillors voted against the spending plan. Ottawa city council has passed a budget that holds the property tax increase to 3.9 per cent while scrounging up enough extra money to improve parks and boost funding for food banks.
By far the largest sum, about $5.9 million, will fund a new plan to fill the deficit at OC Transpo, one that falls less heavily on seniors and delays fare hikes for students.But the price tag for all other changes to last month's draft comes in at a grand total of just $400,000.Council funded them by drawing on a pot of savings in the city's fuel hedging program, which is intended to reduce the risk of sudden moves in the price of diesel for city vehicles.
"We hope that this additional funding leads way to the $5 million amount that we would ideally like the city to invest in emergency bridge funding," she said in a statement to CBC. Leiper said skimping on investment now will mean higher taxes later, while Johnson said her residents can't afford poor public services.
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