2020 Capital Budget

Capital Budget Breakdown 

The 2020 budget supports a period of increasing growth in population, infrastructure management, community programming and park development that will peak over the next 10-12 years. In 2020 there are major construction projects supporting infrastructure upgrades to our community.

  • Prudhomme’s (7.5M)
  • Hixon St. Pumping Station (1.1M)
  • Rotary Park (formerly Serena Park) Development (3.1M)
  • Lincoln Ave. Phase 1 Reconstruction (2.1M)
  • Rittenhouse Rd. Reconstruction (2.65M)

It is important to note that funding for capital projects is from a number of sources such as development charges, reserve funds, long-term borrowing, grants and property taxes. Of the $31 million budgeted in the 2020 Capital Budget, only $2 million is funded through property taxes. Therefore, a significant investment to our community, with only a small portion directly affecting our taxpayers, demonstrating Council's commitment to balancing affordability.

Project Spending $ %
Corporate Infrastructure 1,804,625 6
Environment & Safety 14,748,900 47
Social Infrastructure 3,881,500 12
Transportation 9,733,250 31
Long-Term Borrowing Charges 1,058,712 3
Total Spending 31,226,987 100
     
Funding Sources $ %
Capital Tax Levy 2,011,969 6
Grants & Others 25,000 0
Transfers from Reserves 437,750 1
Other (donations/sponsorships) 573,250 2
Transfers from Reserve Funds 7,929,250 25
Transfers from DC Reserve Funds 9,823,203 31
Future Long-term Borrowing 10,426,565 33
Total Funding Sources 31,226,987 100
Funding Gap - -
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