County Council Highlights - Jan. 9, 2018

2018 Fiscal Outlook

Elgin County Council held a special meeting on January 9, 2018 to discuss the upcoming budget process. The Chief Administrative Officer and the Director of Finance presented a fiscal outlook for the upcoming year which included a review of 2017 successes, efficiencies realized in the previous year, cost pressures on the horizon, and big ticket items for 2018.

Operating under Council’s guiding principles of maintaining service levels, moderate to high use of reserves, and financial sustainability, Elgin County has been able to accomplish a great deal over the past year.

In 2017, Elgin County constructed a new Heritage Centre to enable better

display of exhibits. The Elgincentives CIP was fully subscribed with tangible evidence of local improvements to businesses across the County.

Elgin reached an agreement in principle with the Province on a per diem

lease. Terrace Lodge rebuild planning proceeded with a focus on working with Aylmer and Malahide on site services, and discussions with MTO regarding Hwy 3 access.

Careful planning has allowed the County to find over $3.2 Million in efficiencies over the last eight budget cycles and staff will continue to find $400,000 a year in efficiencies for the next two years to bring the total to $4 Million.

 

Cost pressures facing Elgin in 2018 include continued reductions in the Ontario Municipal Partnership Fund, changes to labour standards under Bill 148, and increasing demands from the Local Health Integration Network.

Notable big ticket items for 2018 include the construction of a new POA Court facility, the redevelopment of Terrace Lodge, contributions to the SWIFT Broadband project, continued grants through the Elgincentives Community Improvement Plan, and the reconstruction of Wonderland Road.

For a full version of the presentation please visit the Elgin County website