As has been our practice the past few years, the levy is derived directly from the budget. Every item on the levy matches up directly with the revenue lines on the budget. If everything holds to form with the extension for the past few years, we can expect close to 100% funding of this levy. The proposed levy includes a 2.5% increase in the Corporate Levy, which the City should be happy about.

Recommendation: I recommend that you approve the FY2024 levy as proposed.