The City of Vaughan continues to be subject to the many factors that put significant pressure on the property tax rate. The impacts of these pressures are often permanent and therefore require long-term funding solutions to ensure public services are sustainable in the future. To illustrate these pressures, a preliminary basic 3 year outlook is provided below. It is important to note that the preliminary outlook is based on general assumptions and trends and excludes impacts associated with initiatives to reduce the budget, future master plan recommendations, and the recommended infrastructure funding strategy. Again, the information illustrated below is a projection and intended to provide an indication of the accumulating pressures Vaughan is facing and the challenges that lay ahead.
The year 2010 will be particularly challenging as general operation pressures will be magnified by the anticipated new Fire Station 7-10 in the north east quadrant, the annualized impact of the North Thornhill Community Centre, and the opening of the New Civic Centre.
|
