Richmond Hill Council approved a $70.64 million capital budget for 2018 that, in part, will focus on the repair and replacement of municipal infrastructure. Along with the capital budget, Council approved the ten-year Capital Forecast to ensure the continued alignment of short and long-term priorities with funding sources.
This budget provides for large projects such as moving forward with the Civic Precinct and Central Library expansion, along with projects such as a renovation and new displays for our Heritage Centre.”
Some of the significant projects in the 2018 Capital Budget are:
- Enterprise Resource Planning System (integrated finance and human resources software) – $6.5 million
- Road Overlay Program (asphalt repair) – $2.4 million
- Lake Wilcox Boardwalk – $1.8 million
- David Dunlap Observatory (DDO) Park Conceptual Design – $1.6 million
- Bradstock Park Revitalization – $3.2 million
Bradstock Park Plans
Richmond Hill will also implement energy conservation projects such as replacing interior lighting with efficient LED options at Town facilities to reduce operating costs. The projects will be partially funded by the Federal Gas Tax fund and will be implemented over a number of years.
The Capital budget also includes future projects that can take advantage of grant-funding opportunities from other level of governments. This approach will ensure projects are shovel-ready when grants become available which is crucial as many grants require tight timelines to qualify.
Council and staff will now turn towards reviewing the 2018 Operating Budget. A public information session will be held at the Central Library on Saturday, January 20, 2018. Budget Committee of the Whole meetings to review the Operating Budget will take place in January and February.
For more information about the 2018 Capital Budget or Operating Budget, including the dates of upcoming Budget Committee meetings, visit RichmondHill.ca/Budget.
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