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Category: Finances

Budget 2016

2016 promises to be a big year in our city and before embarking on a year of important work to build a better Ottawa, I wanted to take a look back on the year we have just left behind. October of 2015 brought with it Council’s one year anniversary since our election as well as the 5 year anniversary since my election as Mayor in 2010. Your continued support remains an honour which I never…
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City Council approves 2015 budget

Ottawa – City Council today approved the 2015 Operating and Capital Budgets, limiting the total residential property tax increase to 2 per cent, while moving ahead with significant city-building projects such as Light Rail Transit, Arts Court, and the Bayview Innovation Centre. “This budget was designed to ensure Ottawa maintains momentum on the major initiatives already well underway across the region that are helping to enhance our reputation as a progressive, thriving and growing city,”…
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Blog: 100 Days

First of all, I want to thank the residents of Ottawa who have sent me their well-wishes over the past few weeks. It has not been easy for me to be away from City Hall while I recover but the phone calls, letters, emails, Twitter and Facebook messages, and kind words have meant a lot to me. Although I have been away, the work of Council continues and I’m happy to note that we have…
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Draft Budget 2015 maintains momentum on key city-building projects

Ottawa – Ottawa City Council today received and tabled its first draft budget of its term, which seeks to maintain the momentum of significant city-building projects such as light rail transit, Arts Court, and the Bayview Innovation Centre. The draft budget proposes key investments in affordable housing, community facilities and crime prevention, while keeping taxes and user fees affordable. “This budget strikes the right balance by keeping life affordable, while continuing to make smart investments…
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City of Ottawa maintains Triple-A credit rating for second time in four months

Ottawa – The City of Ottawa has maintained its “Aaa Stable” credit rating after a recent review by Moody’s Investors Service. Moody’s had last affirmed the City’s Triple-A credit rating in April 2014, at which time it rated Ottawa’s financial outlook at the higher end of Canadian municipalities, with a lower-than-average debt burden. “This is a reflection of sound financial stewardship by this Council and City staff, and the prudent and respectful use of public…
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