Council moves forward with City’s Capital Budget

Must Read

BC’s 2020 Budget to help build a stronger economy through training and education

VICTORIA, B.C. - The Provincial Ministry of Finance has released British Columbia's 2020 Financial Budget. According to Carole James, Minister...

NEBC Bantam Trackers win at home to wrap up regular-season action

FORT ST. JOHN, B.C. - The Northeast B.C. Bantam Trackers were home over the weekend, February 15 and 16,...

Blair Lekstrom appointed new CAO for City of Dawson Creek

DAWSON CREEK, B.C. - The City of Dawson Creek has announced the appointment of a new Chief Administrative Officer. According...

FORT ST. JOHN, B.C. – City Council is moving forward with the Capital Budget in principle.

On Monday, January 27th, 2020 Regular meeting, Council received the 2020 – 2024 Capital Budget as presented in principle with the 2020 budgeted capital expenditures being $63,243,000.

City staff were also given direction to proceed with the Peace River Agreement application submission.

- Advertisement -

The following was reviewed by Council at the January 13th, 2020 Committee of the Whole meeting.

The staff of the city of Fort St. John share, there are $248.5 million in capital projects identified for the years 2020 through 2024.

These projects will be financed with;

  • $154.2 million related to Peace River Agreement revenue
  • $68.5 million from the issuance of debt
  • $20.7 million from Utility reserves
  • $2.5 million from the Federal Gas Tax Grant
  • $1.9 million from a Provincial Conditional Grant
  • $0.7 million from Developer Cost Charges

For 2020, 80% of the capital projects are financed by;

  • Peace River Agreement revenue
  • Utility Reserves 13%
  • Provincial Conditional Grant 3%
  • Federal Gas Tax 3%
  • Developers Contributions 1%

Some of the Captial projects that will be worked on will be the new RCMP building, the Festival/Frostival Market, Cemetary upgrades and Surerus and Kin Park upgrades.

For a complete list of projects; CLICK HERE 


Community Interviews with Moose FM

More Articles Like This