City council approves 2016 capital budget

  • Dec. 2, 2015 3:41 p.m.

City council has approved the 2016 capital budget valued at $160.6 million. The capital budget includes projects that will take place next year, multi-year projects starting in 2016 or projects that require additional funding from previous years.

The 2016 capital budget focuses on key areas including infrastructure replacement and rehabilitation projects which include approved projects such as enterprise business applications, CPR pedestrian bridge remediation and crown paving. The budget also focuses on current growth projects which are focused within the current City growth area and include approved projects such as Alexander Way Phase 3, 67th St. corridor improvements and an additional snow storage site.

Future growth projects includes approved projects such as Electric, Light & Power service area expansion and the central park water trunk and community amenity projects include projects such as Riverwalk Phase 1, Memorial Centre preservation and enhancements to Great Chief Park and River Bend Recreation Area.

“With Red Deer exceeding 100,000 citizens and hosting major events such as the 2019 Canada Winter Games, we are budgeting for the needs of our community now and in the future. With this, also comes the need to weigh and consider the current economic uncertainty. To make our possibilities a reality we are targeting our investments towards projects and infrastructure that positions us as Alberta’s third largest city and we will continue to advocate for Red Deer’s needs with the provincial and federal government,” said Mayor Tara Veer.

With the approval of today’s capital budget, the City’s debt limit sits at 58%, which is below the 75% debt limit set by council.

“When we developed this budget for council’s consideration, we focused on balancing vision and economic reality,” said City Manager Craig Curtis.

“The reality is there is some economic uncertainty and recognizing this, we recommended a capital budget that is less than what we proposed in 2015 while putting forward a plan that respects council’s direction, vision and budget guidelines surrounding debt limit and tax increases.”

Along with the 2016 capital budget, Council approved the 2017-2025, $1.38 billion capital plan in principle allowing the flexibility for administration to adjust the priorities outlined in the plan based on community need and project funding.

“A project’s inclusion in the capital plan does not mean that it is necessarily going ahead, it simply means that the City is considering it, planning for it, and looking at financing options,” said Curtis. “We plan projects well into the future based on council direction, community needs and funding.”

– Fawcett

Just Posted

Jayda Monilaws is selling cupcakes again for Central Alberta Humane Society

The 10-year-old Red Deerian is selling cupcakes today from 10 a.m. to 6 p.m.

Alberta was crowned champions in Wheelchair Basketball at Canada Winter Games

Ontario won silver while Quebec took home the bronze medal

Pride Days are Feb. 21st and 28th during the 2019 Canada Winter Games

Events will be held at the 52 North Music + Cultural Festival

PHOTO: Meeting of the mayors

Winnipeg Mayor Brian Bowman, Red Deer Mayor Tara Veer and Naheed Nenshi, mayor of Calgary enjoyed a meeting at the Winter Games Thursday.

Alberta to play for gold in wheelchair basketball

Action-packed first week of Canada Winter Games nearly a wrap

Fashion Fridays: Must have wardrobe basics

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

National Energy Board approves Trans Mountain pipeline again

Next step includes cabinet voting on the controversial expansion

R. Kelly charged with 10 counts of sexual abuse

R&B star has been accused of sexual misconduct involving women and underage girls for years

Child advocacy centre raising funds through Dream Home Lottery

The child advocacy centre in Red Deer uses its resources to help kids all over Central Alberta

Trudeau tells Canadians to listen to clerk in SNC-Lavalin matter

Privy Council clerk Michael Wernick delivered a blunt assessment at the House of Commons justice

Mueller report looming, new attorney general in hot seat

Robert Mueller is required to produce a confidential report to pursue or decline prosecutions

B.C. woman shares story of abuse with church officials ahead of Vatican summit

Leona Huggins was the only Canadian in the gathering ahead of a historic summit at the Vatican

Sylvan Lake’s Megan Cressey misses Freestyle Skiing Big Air podium

Alberta’s Jake Sandstorm captured silver in the men Freestyle Skiing Big Air contest

Why do zebras have stripes? Perhaps to dazzle away flies

Researchers from University of Bristol look into why zebras have stripes

Most Read