Mayor Don Darling explains how budget simulator input will be used to develop the City's long-term financial plan.

Beginning in 2021, it is expected that the City will face a $12 million shortfall. The City will undertake, as part of further austerity measures, efforts to reduce this shortfall by $3 million by the end of 2020 leaving the City with a $9 million shortfall to address.

The Long Term Financial Plan will:

set targets to reduce debt

maintain City infrastructure

prioritize growth investments

keep tax rates affordable

balance the budget

Themes developed from the Budget Simulator public engagement exercise will be an input to the Long Term Financial Plan. The Long Term Financial Plan is expected to be released in Fall 2019.