THAT Council select Option 4, Maximizing Utility Class Revenue and Placing Residential Increase at Budgeted 4.57%, as identified on Page 2 of Attachment 1 in the report titled “2023 Tax Rate Options”, dated March 31, 2023, respectfully submitted by the Manager, Financial Operations;
AND FURTHER, that Council waive the 2023-2027 Financial Plan Revenue Policy objective of maintaining a business to residential tax rate ratio of no greater than 3.2 to 1.
AND FURTHER, that Council direct Administration to prepare the Tax Rates Bylaw #5956 for initial readings at the next Council Meeting.