Capital Budget passes with flying colours

Stettler Town Council easily accepted the town’s five-year capital budget that is in the black.

Many of the projects are already budgeted for from previous years, have added grants covering the majority of the cost and simply do not require a loan.

The items that did make the cut for 2020 recommendations totals at $4,445,062.

“It’s a great diversity of projects from underground water and sewer to parking lots to road rehab and major roadwork starting on 44 Avenue, downtown sidewalk program, new skateboard park phase, some gym equipment, some new heaters in the arena; so quite a variety of projects on the go,” said Chief Administration Officer (CAO) Greg Switenky.

Council has already talked about their priorities for the budget and had a general idea of what the budget would be like going into the final decision.

There have been a lot of carry-forward projects that have been approved from previous years coming to light as well.

“I’m looking forward to a great year in 2020 and moving our community along forward,” said CAO Switenky.

Councillors agreed that the budget was laid out well and full of ‘clarity’.

When taking a closer look, the breakdown of the 2020 capital budget includes $2,352,609 in grants alone as well as $280,000 towards the annual Sidewalk Replacement Program and Pavement Patching Program.

On 44 Ave. from the golf course to the end of the ball diamonds near the Stettler Recreation Centre will have miscellaneous sections of standard curb and gutter removed and/or replaced, complete base failure repairs along the curb, mill the existing surface, tack coat and apply new asphalt.

A total of $950,000 will be used with a smaller portion coming from Municipal Sustainability Funding (MSI) at $53,391.

The Federal Gas Tax (FGT) fund will foot the majority of the bill at $600,833.89 plus $295,775.11 from the Basic Municipal Transportation Grant (BMGT).

Another large infrastructure project is the 61 Street Water/Sewer Replacement in Grandview at a cost of $546,000 coming from MSI.

The town plans to remove/replace the existing water line and valves as well as existing sewer main and services to the property line.

 

Terri Huxley

ECA Review

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Terri Huxley

Terri Huxley