2022 Draft Capital Budget to Update roads, stormwater facilities and community centres
Richmond Hill Council continues to deliver on its priority of fiscal responsibility with a $77 million draft 2022 capital budget that will focus on efficient and well-timed maintenance of core City assets.
Richmond Hill’s capital budgeting process underwent a comprehensive review in 2021 to integrate the City’s enterprise asset management system into capital planning. This ensures the City prioritizes the right projects at the right time for optimal use of available funding and maximum value to taxpayers.
The draft capital budget focuses on the repair, replacement and enhancement of core city assets such as roads, stormwater ponds and sewers. Richmond Hill will also rejuvenate several local parks and update mechanical systems at Rouge Woods, Richvale and Bayview Hill community centres.
To see what significant projects are included in the capital budget please click here.
The majority (80%) of the capital budget is funded by non-tax sources, such as the Canada Community-Building Fund (formerly Federal gas tax grants), the stormwater rate and development charges. Richmond Hill Council set a maximum of $16 million (20%) to be funded by property tax supported reserve funds.
