2021 Capital Budget Includes $25M in Projects
Monday, March 08, 2021 - 11:45 AM
Today, St. John’s City Council voted to approve the capital budget for 2021 which totals $25,971,851. Capital projects cover a wide range of services including transportation improvements, water and sanitary service upgrades, housing projects, capital grants to community groups, snow clearing equipment, and playground infrastructure.
“The identified projects for 2021 address high priority areas and ensure we are making every effort to protect the integrity of our infrastructure,” explained Councillor Shawn Skinner, Council Lead for Finance and Administration. “With previously committed items aside, a net of $14.45 million has been identified in available funding for 2021 projects.”
- Federal Gas Tax funding for Mews Centre replacement $4,681,863
- Fleet replacement fund $3,600,000
- Water maintenance projects $3,230,000
- General - uncommitted $14,459,988
The full list of approved capital projects for 2021 is available online and includes:
- $2,000,000 for grind and patch; $700,000 for sidewalk, curb and gutter repair; and $500,000 for capital grants to community groups.
- $1,341,938 has been allocated for projects delayed in 2020, including a replacement of the City’s website; Phase 2 of the Wetland Study; and decorative lighting for the downtown.
- $1.6 M of the Parks Reserve funding for 2021 will be allocated to Phase 1 of the Galway Park project.
The City’s Capital out of Revenue program is determined annually and funded primarily from an allocation from the City’s annual operating budget, as well as other sources. This program is different from the City’s larger cost-shared capital arrangements with the Federal and Provincial Governments, for which the City borrows its share of the cost.