Regional councillors get a preview of the 2024 budget, with a 7.6% tax raise projected

Regional councillors got a preview of the 2024 budget at aStrategic Planning and Budget Committee Wednesday afternoon.

The presentation was just for information with no budget decisions made. A preliminary budget will be tabled on Oct. 18. The base budget for 2024 sits at $506 million with taxes projected to rise by7.6 per cent.

The budget base excludesthe police budget as well as funding for the region'splan to end chronic homelessness. The region'splan to end chronic homelessness is still under development andwill be brought to a Community and Health Services Committee on Nov. 7. Further discussion on the plan is expected at a Strategic Planning and Budget Committee on Nov.8

In June, regional council passed a motion askingstaff to develop a 2024 budget that would seea six per cent tax increase.

A report presented to councillors on June 6 during a committee meeting said the budget would need to see a 10 per cent tax increase to maintain current levels of service.

"Staff are working really hard to bring the budget numbers down to where we need to be, we're doing that at the police board as well, recognizing that there's only one taxpayer and these are tough times for individuals, but we also need the services," regional chair Karen Redman toldThe Morning EditionWednesday morning when asked whether she was concerned afunding shortfall could occur.

"I am very confident that we will have the best effort possible by our professional staff, but at the end of the day, it will always be a council decision."

Last year was described in the presentation as being a tough year with high inflation, the rising costs of borrowing, and capital costs growing as well.There were alsohigh fuel prices, a housing crisis, and a growing homelessness population.

Next year is expected to be similar, with the community stilldriving demand for services.

On Wednesday morning, Redman said she expected there will be a lot of scrutiny during budget discussions and talks about policy and amounts inthe region's reserves.

"Those are working funds that we draw on when provincial funding doesn't come through in a timely manner, but we still have to continue providing child care and social services," Redman said.

"A lot of those services are co-funded between the regional tax base as well as the province."

The region will holdpublic input meeting on the budget on Oct. 18, Nov. 1 and Nov. 29. Final budget day is set for Dec.13.

Police tohold public meetings for 2024 budget discussions

Waterloo Regional Police Service (WRPS)will also be holding public input meeting during discussions for its 2024 budget.

It comes after regional council approved a motion in February that would see policeservices consult with council and the public before approving its annual budget.

"With a growing Regional population and increasing level of service demands, the Police Services Board is looking to hear thoughts from residents on law enforcement, community safety and wellbeing, and crime suppression," WRPS said in a release.

There will be two public input meetings, one on Oct. 26 from 1 p.m. to 2 p.m. and a second on Nov. 6 from 7 p.m. to 8 p.m.