Richmond Hill’s Budget Committee of the Whole approved the draft 2020 capital budget at its meeting November 12. The capital budget will go to the December 18 Council meeting for final approval.
The 2020 capital budget will focus on managing and renewing City assets and infrastructure to support a vibrant, sustainable municipality. Significant projects worth more than $1 million in the 2020 draft capital budget include:
- Road Overlay Program (asphalt repair) $4,300,000
- Beaver Creek Storm Pond A Construction $3,561,600
- Operations Centre – Roof Replacement $1,900,000
- Mitchell Storm Pond Construction $1,581,900
- Lake to Lake Trail Intersection Improvements (Phase 3) $1,515,800
- Ed Sackfield Arena – Slab Replacement $1,400,000
- Powell and Wright Road Rehabilitation $1,296,800
- Lennox Local Park Construction $1,188,400
As per the capital budget strategy set by Council, use of tax-supported reserve funds is limited to $14 million in 2020 to maintain the health of Richmond Hill’s reserve funds while Council continues with the Capital Sustainability Committee review process. Richmond Hill’s capital budget is also funded through development charges and grants including the federal gas tax.
“This Council continues to invest prudently where Richmond Hill requires it. Our largest capital projects in the 2020 budget are about improving our roads, protecting the community from weather events and maintaining crucial infrastructure, the projects that are most needed by our community,” said Mayor David Barrow.