Budget Committee

That the Budget presentation from the Deputy City Manager, Finance and Supports BE RECEIVED.

That it BE NOTED that the Mayor's Proposed Budget was provided to each member of Council, the City Clerk, and the public on October 27, 2025.

That it BE NOTED that the Budget Committee received a communication dated November 9, 2025 from Councillor S. Stevenson with respect to an amendment to the Mayor's 2026 Annual Budget Update to fund Business Case #P-1 LMCH Operating Budget Support for 2026-2027 from the Operating Budget Contingency Reserve.

That it BE NOTED that the Budget Committee considered an amendment to the Mayor's 2026 Annual Budget Update to exclude Business Case #P- 2 Middlesex-London Health Unit Debt Retirement from the Mayor’s Tabled 2026 Annual Budget Update; it further being noted that the Budget Committee received a communication dated November 14, 2025 from E. Williams, Chief Executive Officer, Middlesex-London Health Unit, and a communication dated November 9, 2025 from Councillor S. Stevenson, with respect to this matter.

That the following part BE APPROVED: the Middlesex London Health Unit BE REQUESTED to submit an additional funding request for 2026 onwards for permanent base funding for an additional 2.0 FTE.

That Business Case #P-2 Middlesex-London Health Unit Debt Retirement – BE EXCLUDED from the Mayor’s Tabled 2026 Annual Budget Update: 2026 Operating Expenditures: -$2,366,000 2026 Tax Levy: - $2,366,000 2026 Capital Expenditures: $0 2027 Operating Expenditures: $0 2027 Tax Levy: $0 2027 Capital Expenditures: $0 it being noted that the Budget Committee received a communication dated November 14, 2025 from E. Williams, Chief Executive Officer, Middlesex- London Health Unit with respect to this matter.

That pursuant to section 35.7 of the Council Procedure by-law, the Committee decision with respect excluding Business Case #P-2 Middlesex-London Health Unit Debt Retirement from the Mayor’s Tabled 2026 Annual Budget Update BE RECONSIDERED to provide for Councillor S. Trosow to correct his vote.

That the amendment BE AMENDED to change three (3) years to two (2) years.

That the amendment, as amended, BE APPROVED.

That the main motion, as amended, BE APPROVED.

That it BE NOTED that the Budget Committee received a communication dated November 17, 2025 from Councillor S. Stevenson with respect to an amendment to the Mayor's 2026 Annual Budget Update by reducing the tax levy by 1%.

That Business Case #P-12 Resident Satisfaction Survey Frequency - BE EXCLUDED from the Mayor’s Tabled 2026 Annual Budget: 2026 Operating Expenditures: $0 2026 Tax Levy: $0 2026 Capital Expenditures: $0 2027 Operating Expenditures: $28,000 2027 Tax Levy: $28,000 2027 Capital Expenditures: $0

That the Committee recess at this time, for 30 minutes.

That the Mayor’s Tabled 2026 Annual Budget Update BE AMENDED by re-directing a portion of Business Case #P-20 (2024 Surplus Allocation for Tax Mitigation) to increase funding for the Housing Stability Bank program for 2026 and 2027, it being noted this funding and expenditures are non- permanent: 2026 Operating Expenditures: $700,000 2026 Tax Levy: $700,000 2026 Capital Expenditures: $0 2027 Operating Expenditures: $700,000 2027 Tax Levy: $700,000 2027 Capital Expenditures: $0

That it BE NOTED that the Budget Committee considered an amendment to the Mayor's 2026 Annual Budget Update to redirect a portion of Business Case #P-20 (2024 Surplus Allocation for Tax Mitigation) to increase funding for the Housing Stability Bank program for 2026 and 2027.

That it BE NOTED that the Budget Committee received a communication dated November 18, 2025 from Councillor S. Stevenson with respect to an amendment to the Mayor's 2026 Annual Budget Update by combining the 2026 and 2027 one-time adjustments in Business Case #P-20 Portion of 2024 Surplus Allocated for Tax Mitigation.

That the motion BE AMENDED to read as follows: That the Mayor’s Tabled 2026 Annual Budget Update BE AMENDED to utilize previously budgeted 2025 tax supported funding for statutory Development Charges (DC) exemptions for tax levy mitigation. It being noted that these funds were budgeted in 2025 and have not been contributed to the tax supported DC Exemptions reserve fund nor subsequently transferred to the obligatory City Services (DC) reserve funds, whereas 2024 contributions have been completed based on Council direction and the adopted budget and therefore cannot be utilized for this purpose per section 35(1) of the Development Charges Act. It being further noted that this would reduce the projected 2025 surplus (to be finalized in April 2026 and subject to external audit) and corresponding surplus allocations per the Surplus/Deficit Policy: 2026 Operating Expenditures: $0 2026 Tax Levy: -$2,400,000 2026 Capital Expenditures: $0 2027 Operating Expenditures: $0 2027 Tax Levy: -$2,400,000 2027 Capital Expenditures: $0 It further being resolved that the City Treasurer BE AUTHORIZED to contribute the above noted amount to the Operating Budget Contingency Reserve in 2025 to be utilized in the 2026 and 2027 City of London operating budget to offset the general tax levy.

That the motion, as amended, BE APPROVED.

That the Mayor’s 2026 Annual Budget Update BE AMENDED by increasing the budget to provide for a free two-hour parking program through the Honk App, including two-hour free on-street parking in the Core Area (Midtown, Downtown, and Old East Village): 2026 Operating Expenditures: $784,000 2026 Tax Levy: $784,000 2026 Capital Expenditures: $0 2027 Operating Expenditures: $784,000 2027 Tax Levy: $784,000 2027 Capital Expenditures: $0

That the motion BE AMENDED to include the following: the free two-hour parking program through the Honk App, including two- hour free on-street parking in the Core Area (Midtown, Downtown, and Old East Village) BE FUNDED from the Economic Development Reserve Fund for 2026 and 2027.

That pursuant to section 33.15 of the Council Procedure By-law, the question be now put.

That the Mayor’s 2026 Annual Budget Update BE AMENDED by increasing the budget to provide a continuation of the free one-hour parking program through the Honk App, including one-hour free on-street parking in the Core Area, (Downtown, Midtown, and Old East Village): 2026 Operating Expenditures: $330,000 2026 Tax Levy: $330,000 2026 Capital Expenditures: $0 2027 Operating Expenditures: $330,000 2027 Tax Levy: $330,000 2027 Capital Expenditures: $0

That it BE NOTED that the Budget Committee received a communication dated November 19, 2025 from Councillor D. Ferreira with respect to an amendment to the Mayor's 2026 Annual Budget Update to include funding to establish a dedicated, year-round “Hot Spots” crew to proactively monitor and respond to sharps and biohazards in public parks and open spaces.

That Business Case #P-25 - Stop Collecting Blue Box Materials from Non- Eligible Sources - BE INCLUDED in the Mayor’s Tabled 2026 Annual Update Budget: 2026 Operating Expenditures: -$250,000 2026 Tax Levy: -$250,000 2026 Capital Expenditures: $0 2027 Operating Expenditures: -$250,000 2027 Tax Levy: -$250,000 2027 Capital Expenditures: $0 it being noted that the Budget Committee received a communication dated November 19, 2025 from Mayor J. Morgan with respect to budget cases.

That it BE NOTED that the Budget Committee considered an amendment to include Business Case #P-24 (Eliminate Climate Change Reserve Fund Contribution) in the Mayor's 2026 Annual Budget Update.

That Business Case #P-24 – Eliminate Climate Change Reserve Fund Contribution – BE INCLUDED in the Mayor’s Tabled 2026 Annual Budget Update: 2026 Operating Expenditures: -$192,000 2026 Tax Levy: -$192,000 2026 Capital Expenditures: $0 2027 Operating Expenditures: -$192,000 2027 Tax Levy: -$192,000 2027 Capital Expenditures: $0

That it BE NOTED that the Budget Committee considered an amendment to the Mayor's 2026 Annual Budget Update to fund the Housing Stability Bank Program $500,000 ($250,000 for 2026 and $250,000 for 2027) from the Community Investment Reserve Fund.

That the Mayor’s Tabled 2026 Annual Budget Update BE AMENDED in order to fund the Housing Stability Bank Program $500,000 ($250,000 for 2026 and $250,000 for 2027) from the Community Investment Reserve Fund: 2026 Operating Expenditures: $250,000 2026 Tax Levy: $0 2026 Capital Expenditures: $0 2027 Operating Expenditures: $250,000 2027 Tax Levy: $0 2027 Capital Expenditures: $0

That the meeting BE ADJOURNED.