kawarth promoer news logo

Tuesday, 29 November 2016 19:19

Big budgets approved

Written by
Rate this item
(0 votes)

            With financial sustainability and taxpayer affordability top of mind, City of Kawartha Lakes council approved the Capital Budget, and Water and Wastewater Operating and Capital budgets for 2017.

            Committed to stabilizing debt, and investing in growth and affordability, CKL staff worked to produce budgets that

include such prudent measures as leveraging grant opportunities and investing in reserves for future needs and unforeseen projects. As in the past, the budget maintains infrastructure as a top priority.

            The Capital Budget increased this year over last bringing it to $38 million. Of this, $18.5 million will be spent on roads and bridges with a budgetary emphasis on gravel resurfacing. In addition, there is reinvestment in valued community assets, including parking lots and boat launches ($100,000), and the refurbishment of current assets to avoid new build costs. For example, the Coboconk Fire Station will be updated to accommodate the Paramedic Service ($445,000).

            There was unanimous support from council for an $8 million investment in a new City of Kawartha Lakes multi-purpose, energy efficient space to house both their Human Services office and 24 social housing units. This project is cost neutral to the taxpayer due to provincial grants while it will increase the municipality’s capital assets.

            There was good news in the Water and Wastewater Capital and Operating budget process: new federal and provincial grants have resulted in a lower than expected average increase for water and wastewater users: from 4.8% in 2016 to 2.84% in 2017. These grants will support required upgrades to CKL’s extensive water and wastewater systems, reducing the user’s financial burden. This funding has been secured for the next 3 – 4 years.

            Still to be approved, council will deliberate the 2017 Operating Budget on December 6 at 9 am in Council Chambers. Community members are welcome to attend. The 2017 budget can be found on the City of Kawartha Lakes website under: City Hall >Departments >Corporate Services >Budget and Financial Planning.

Read 632 times Last modified on Tuesday, 29 November 2016 19:50

Featured Advertisers

promote your business
James Goodliff Art

Local Weather

°F | °C
Humidity: 63%
22 kph
8 | 29
-13 | -1
6 | 33
-14 | 0