Saint John City in New Brunswick to invest over $43 million in capital in 2022, a report said.
Finance committee members received their first glimpse at the preliminary 2022 capital budgets this week.
$29.3 million is proposed to fund generalin addition to $14.2 million for utility fund .
Coun. Gary Sullivan, who chairs the committee, explained that the cityto borrow $8.3 million to fund the .
“A few things go with that. One is our financialand the fact we’re following our financial ,” Sullivan said during Tuesday’s meeting.
The budget documents reveal that the cityto borrow over $20 million of funds from the other levels of the government for the .
The majority of the general budget for the fund (approximately 85 percent) is centered on reviving existing assets, while the utility fund budget is focused “solely” on asset renewal.
A little over $13 million is set aside for transportation andrehabilitation . The city is hoping to rebuild around 4.8 kilometers of roads and to rehabilitate up to five kilometers of walkways.
Additionally, there is $6.3 million being proposed in “quality of life” initiatives previously supported by theand finance committees.
Theincludes the creation of a protected bike lane on Main Street North, extending Harbour Passage, renewing Loyalist Plaza, implementing phase three of the Rockwood Park master , and upgrading several , playgrounds, and fields.
The city’s officials are also considering $1.6 million to purchase recycling carts and recycling containers in the new solid waste collection system.
Nearly $1.5 million was proposed to modernize the 911 dispatching system and modernize and upgrade the systems to manage records for police and fire.
Thethat was approved by the in August will enable the city to collect better data to make better decisions about route options and ridership.
Chief Financial Officer Kevin Fudge said this would be the last year committee members will get a one-year look at the capital.
“Once thehas approved priorities and a 10-year strategic , work will begin on creating a rolling five-year capital , along with the annual capital budget,” said Fudge.
The committee members will take a last look at the budgets at their next meeting prior to making recommendations to the Commonfor .
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