Motion by Councillor Adam Vaughan on EX14.1

Moved by: Councillor Adam Vaughan


Shelter, Support and Housing Admininstration - Operating Budget

That City Council amend Recommendation 189 by adding the words "and the Board of the Toronto Community Housing Corporation be requested to submit a spending plan to the City which corresponds to the property tax savings identified in their budget prior to the end of this fiscal year" so that is now reads as follows.

189. The General Manager, Shelter, Support and Housing Administration reduce the annual subsidy provided to TCHC by the amount of the municipal property tax savings to TCHC and make the necessary adjustments to the 2012 Approved Operating Budget for SSHA and Non-Program Accounts in the First Quarter Operating Budget Variance Report, once the adjustments to the tax levy for TCHC have been finalized, as per Council's direction, to ensure there is no net impact on the City's Operating Budget and the Board of the Toronto Community Housing Corporation be requested to submit a spending plan to the City which corresponds to the property tax savings identified in their budget prior to the end of this fiscal year.