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My Commitment to Cost Reduction and Revenue Generation

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My Commitment to Cost Reduction and Revenue Generation

CITY OF HAMILTON

MOTION

Council Date: April 23, 2014

MOVED BY COUNCILLOR T. WHITEHEAD ………………………………..

SECONDED BY COUNCILLOR ……………………………………………..

REVENUE GENERATION AND COST REDUCTION OPPORTUNITIES

WHEREAS one of the City’s strategic objectives is to enhance overall sustainability;

WHEREAS Council has directed staff to explore non-residential tax revenues;

WHEREAS the City of Hamilton has recently realigned resources to support revenue
generation;

WHEREAS the City of Hamilton has a number of existing revenue streams that may
have incremental revenue opportunities;

WHEREAS the City of Hamilton has many assets including, but not limited to, arenas,
auditoriums and outdoor structures that may lend themselves to new advertising
revenues;

WHEREAS the City of Hamilton has many assets in the form of City run events that
may lend themselves to sponsorship opportunities;

WHEREAS the City of Hamilton owns property that may be repurposed in such a way
that additional tax dollars could be generated; and

WHEREAS the City of Hamilton may Produce products or services that may have a
revenue potential;

THEREFORE BE IT RESOLVED:

That staff be directed to prepare a report for the General Issues Committee in
September 2014, which explores all potential revenue generation and cost reduction
opportunities including the scope of the opportunities and any increased revenue
potential that may be realized in 2015 and 2016 budget years.

By | 2015-08-05T10:59:41+00:00 April 25th, 2014|Motions|Comments Off on My Commitment to Cost Reduction and Revenue Generation

About the Author:

Terry Whitehead is the City Councillor for the West Hamilton Mountain Ward 8. He has represented the residents of Ward 8 since 2003