Capital projects are the important investments that the Town of Lincoln makes to improve and maintain the municipal infrastructure that we rely on everyday. Capital projects are carefully planned and executed to maximize the value of every dollar allocated. Renewing, replacing and building infrastructure is vital to meeting the needs of residents and to accommodate a growing population. Investment in capital projects improves the overall quality of life for the residents of Lincoln.
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 $13 million budgeted in the 2019 Capital Budget, only $1.34 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.
Categories of Capital Projects
- Transportation (roads, bridges, culverts, etc.)
- Environment and safety
- Social infrastructure
Town of Lincoln Council continued their invested a 1.5% special infrastructure levy as part of this year’s overall budget. This investment allows for continued long-term planning to maintain and provide new infrastructure.
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