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HomeMy WebLinkAboutFND-015-04 . . . . C:!~-!lJgron REPORT FINANCE DEPARTMENT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MONDAY, JUNE 21, 2004 Resolution #:GPtJ--Z2fit-D'f Date: Report #: FND-015-04 File#: By-law #: Subject: 2004 MUNICIPAL COMPETITIVENESS STUDY Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report FND-015-04 be received; and 2. THAT the Municipality of Clarington participate in the 2004 Municipal Competitiveness Study by SMA Management Consulting Inc. at an approximate cost of $2,000. Reviewed bYO.~~ Franklin Wu, Chief Administrative Officer. NT/hjl 1321 ,. REPORT NO.: FND-015-04 PAGE 2 BACKGROUND AND COMMENT: 1.0 The Municipality has been approached to participate in a 2004 Municipal Competitiveness Study. The study has been performed annually for the past four years. This is the first year we have been asked to participate. In 2003, the study included 61 Ontario municipalities including Oshawa, Whitby and Pickering. 1.1 The study cost is $2,000 which includes a hard copy of the report and access to online databases and could be covered under the Unclassified Administration- Professional Fees budget. The Clarington Board of Trade has been contacted and is very supportive, as they feel it will be a very valuable tool in attracting and providing information to prospective businesses. 1.2 The study compares relative tax burdens across 14 property types, provides an overview of tax policies in each municipality provides a summary of development charges and building permit activity includes general statistics and summarizes key programs. In other municipalities, it is used by planning departments, economic development as well as finance. It provides an objective comparison of information across the participating municipalities. 1.3 The study includes municipal profiles (population, assessment etc.), municipal financial information (debt and reserves per capita for example), user fee information, tax policies, a comparison of relative taxes, taxes as a percentage of income, and economic development programs. CONCLUSION: 2.0 Due to the modest cost to participate in relation to the volume of objective information that will be provided, it is recommended that the Municipality participate in the study for 2004. CORPORATION OF THE MUNICIPALITY OF CLARINGTON 40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L 1C 3A6 T (905)623-3379 F (905)623-4169 - 1322