|ITEM # and DESCRIPTION_||IREK VOTED||COUNCIL VOTED||TYPE OF ITEM|
|1 – Local contribution to the proposed Windsor Essex Hospital Plan||Yes||9-1||Delegation|
|Council Question: WFCU|
I supported the Motion to fund the City’s portion of the construction of a New Hospital.
This vote is consistent with my earlier vote on December 25th, 2015 – which in essence gave the City’s approval for the New Hospital.
However – I do believe that the New Hospital could have been funded without the need for an additional tax levy for the simple reason that we already established a Debt Reduction Levy (DRL) over a decade ago that raises $32 million each year to fund capital projects. This Levy should more appropriately be called a Debt Avoidance Levy (DAL) since its purpose is to have “cash-on-hand” to fund capital projects and thus avoid having to take on debt.
Historically we have used the Debt Reduction Levy to fund growth capital projects very similar to the New Hospital:
o WFCU: $65 million
o Family Aquatics Centre: $62 million
o Huron Lodge: $42 million
o 400 City Hall Square building: $30 million
o Richmond Landing: $10 million
o Police Training Facility $10 million
o Art Gallery: $6 million
Starting in 2021 – the full $32 million of the Debt Reduction Levy is unallocated, which begs th question: why can’t we simply ask that the Hospital Levy be funded from the Debt Reduction Levy from 2021 to 2026 at $16M per year?
In the end – I supported the Second Motion – supporting the Mayor’s Hospital Levy of 1 per cent.