Audit, Finance and Administration Committee approves Tax Budget process. 8-0

Audit, Finance and Administration Committee voted 8 to 0, with 1 absent on Tax Budget process. at its Thursday, October 1, 2026 meeting. The motion carried.

The motion, as recorded in the minutes:

Development Charges By-law Amendment to Enable a Development Charges Reduction Program Agreement (City Wide) (Hwang/Clark) That Report FCS26074, dated October 1, 2026, respecting the Development Charges By-law Amendment to Enable a Development Charges Reduction Program Agreement (City Wide), be received and the following recommendations, be approved: (a) That Appendix “A” to Report FCS26074 respecting a By-Law to Amend By-law 24-072, as amended, Respecting Development Charges on Lands within the City of Hamilton, be passed and be enacted, to enact an elimination of Residential Development Charges for Building Permits issued between Audit, Finance and Administration Committee October 1, 2026 Minutes AFA 26-012 Page 4 of 11 Refer to the October 7, 2026, Council Minutes for the disposition of these matters. March 30, 2026 through March 29, 2029 conditional upon the execution of the Development Charges Reduction Program Transfer Payment Agreement; and (b) That the Corporate Services budget complement be increased by 1.0 Full Time Employee (FTE) Senior Financial Analyst to support increased administration for Development Charges, with funding for the 2027 costs of $142,000 from Reserve 104050 (Building Permit Revenue Stabilization) and that the 2028 and future operating costs be considered through the 2028 Tax Budget process.

Every figure above comes from the official minutes and the recorded vote they contain. The roll call shows how each member voted.