-10.4 C
Fort St. John
Tuesday, January 15, 2019
Tel: 250-787-7100
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement

Fort St John’s Capital Budget to be presented to council Monday

Advertisement

FORT ST. JOHN, B.C. – Fort St. John City Council will be looking at the 2019-2023 Capital Budget at the next Committee of the Whole meeting on Monday.

The capital budget cover projects like roads, sidewalks, buildings and machinery.  This budget is not funded by property taxes, but other revenue streams including the Peace River Agreement with the Province, which will be $24.5 million annually over the next five years; a total of $122.5 million.

Over the next five years, the City has budgeted $255.8 million for capital projects.

- Advertisement -

The Budget also shows that the City has $70.7 million in reserves for both its capital and operating budgets, and has a current debt capacity available of $76.6 million, with a debt servicing capacity of $14.1 million per year.

In 2019, the capital budget includes four laning of 100 street up to Northern Lights College for $5.9 million, $5.5 million for renovations at Centennial Park, $2.8 million for the new RCMP building with more money budgeted for that project in 2020 and 2021.  The list of projects in 2019 also includes a fire training centre for $1.5 million and sewage lift station upgrades worth $4 million.  See a full list of projects in the presentation below.

City Council will review the Captial Budget before final approval at the Committee of the Whole meeting on January 7.

get the latest news in your inbox

Author

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Advertisement
Advertisement
Advertisement

Must Read

Wiggles & Giggles Group Daycare to open second location this spring

FORT ST. JOHN, B.C. - The Wiggles & Giggles Group Daycare will be opening a second location in Fort St. John. In a press release,...

Fort St John RCMP recover fender flares