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STRATEGIC THEME 2 | Fiscal Sustainability
Develop a financial framework for establishing tax rates which recognizes the difference between classes of assessment, compares favourably with other municipalities, and demonstrates the relationship between service levels and revenue generated.
Key Outcomes:
2.a Develop robust reserve policies to aid in long-term fiscal and infrastructure sustainability. 2.b Review tax revenue and assessment policies to meet the financial needs of the County, while remaining competitive. 2.c Review and implement organizational efficiencies.
2.d Build a culture of innovation and continuous improvement.
1 Review reserve policies (focusing on the Fiscal Sustainability Reserve) and allocation provisions to ensure efficiency and maximum return. a. Align reserves with long-term planning of the County.
b. Review reserves to reflect uncertainty in market conditions. Director of Finance December 2022
Director of Finance Ongoing
2 Develop a tax and mill rate strategy to more accurately reflect differences amongst assessment classes.
3 Develop a strategy to inform direction on surplus municipallyowned lands. c. Meet with departments to ensure reserves reflect Administrative needs. Director of Finance December 2022
a. Align tax classes to be closer to expenditure classes. Director of Finance Ongoing
b. Compare mill rates with comparative municipalities. Director of Finance July 2022
c. Develop a communications plan for potential mill rate change. Director of Finance October 2022
a. Align future land needs and inventory with future economic development. Director of Planning & Development Spring 2023
b. Incorporate municipally-owned land inventory into asset management. Director of Planning & Development Spring 2023
4 Conduct ongoing organizational reviews to ensure capacity can respond to growth. a. Change management training for
Managers and Directors. Director of Finance September 2022
b. Identify metrics and benchmarks for staffing and service levels and recommend policy implementation. Director of Planning & Development Summer 2023
c. Conduct a facilitated organizational development session for Directors and Managers. CAO Fall 2022
d. Develop a plan to deliver LEAN across the organization. CAO Fall 2022
5 Build a culture that values efficiencies, innovation, and is risk-tolerant. a. Research and consider establishing an innovation program. CAO Spring 2023
6 Value for service that provides the highest value for ratepayer dollars. a. Establish a framework for internal review of service levels.
b. Internal analysis of service levels considering cost-benefit and needs.
c. Review recommended service levels with Council annually. Director of Finance December 2022
Director of Finance December 2023
Director of Finance Ongoing
