But it seems the starting point has been somewhat scaled back since then.
New materials distributed to the media this week indicate the current staff proposal would see a 3.25 per cent increase; not far off the 3 per cent target set by councillors back in July.
Since the 3.74 per cent proposed budget was tabled two weeks ago, staff have recalculated their assumptions about assessment growth, incorporating an additional $426,000 in anticipated assessment revenue.
They have also "continued to review the budget for expenditure reductions and additional revenue opportunities," according to a staff report, lowering the anticipated tax increase to 3.25.
These include removing interest in a Hanlon Creek Business Park loan, funding Public Affairs work through a reserve and a $30,000 reduction in the library budget.
The fun gets underway tonight at 6 p.m.
I'll be tweeting from the council chambers on the Mercury account @guelphmercury.
That also reminds me that I have started tweeting on my own account @scottjtracey so feel free to check that out as well.
Of course, we'll also have coverage of tonight's meeting in tomorrow's paper.