Hello Ward 8 Neighbours,
City Council has approved the 2021 Tax Supported Capital Budget. Council’s approval supports an overall 2021 capital budget of $484.4M. The increase in capital funding from property taxes equates to an increase in the operating budget of 0.4 per cent or $3.6M, an increase of $13 per year on an average household.
For more details, please continue reading below…
A large focus of the upcoming 2021 will be on transit, roads, bridges, traffic and sidewalks, according to the City’s media release.
The city also says the budget will also focus on affordable housing, the west harbour waterfront and the development of a business park near the airport. The City is also committing approximately $114M in capital investments that have potential to contribute positively to the City’s climate action goals.
The tax-supported capital budget will see an increase of approximately $13 per year on the average household.
Here’s how the money will be spent:
- $192.9 million transit initiatives.
- $114.2 million toward roads, bridges, sidewalks and traffic.
- $39.7 million toward corporate, long-term care and recreation facilities.
- $30.3 million toward housing initiatives.
- $20.6 million toward parks, forestry and open space.
- $13.9 million toward planning, economic development, tourism and culture.
- $13.7 million toward outside boards and agencies.
- $13.3 million toward fire and paramedic services.
- $10.6 million toward central fleet vehicle and equipment replacement.
- $9.0 million toward West Harbour strategic initiatives.
- $8.0 million toward development charge exemptions.
- $7.6 million toward information technology.
- $6.5 million toward waste management initiatives.
- $4.1 million toward other projects.
To learn more about the City’s budgets, you can visit the 2021 Tax and Rates budget page here.
Questions or concerns?
If you have any questions or concerns, you can contact our office here.