Fort Erie Town Council begins 2017 Budget process with Capital Budget

Media Release (Nov. 17, 2016) At the Council-in-Budget Committee meeting last evening, Town of Fort Erie Council discussed the state of Fort Erie’s infrastructure and deliberated on the proposed capital works for 2017 and the 2018-2027 forecast. The proposed 2017 Capital budget consists of 63 projects totaling $16.2 million, with 94% dedicated to the replacement or rehabilitation of existing assets.

“With the infrastructure gap looming over our shoulders, it’s important that we use strategic financial planning and prudent fiscal management practices to help narrow the gap as much as possible,” said Mayor Wayne Redekop. “While Council’s growth and prosperity agenda inevitably results in new infrastructure being built to meet future needs, it is important for us to focus on maintaining and rehabilitating our current assets.”

The Capital budget is primarily driven by the Town’s Asset Management Plan (AMP). The AMP is used to help guide priority projects over the life expectancy of the asset. The Capital budget will be approved in two parts:

1) “Preliminary” – totals $2.1 million and is funded from the December 2016 Reserve Fund balances which gives the Town the ability to move forward with by-law approval on December 5, 2016; and
2) “General” – totals $14.1 million and requires 2017 General Levy base or incremental funding; therefore, approval is deferred until the 2017 Operating Budget is complete in mid-February.

“One of the goals of Council’s Corporate Strategic Plan is to address the infrastructure gap through planned, responsible financing,” said Jonathan Janzen, Director, Corporate Services/ Treasurer. “This has been accomplished in this budget by accelerating projects to take advantage of infrastructure stimulus funding and by continuing to propose capital reserve increases in a strategic effort to ensure reserves match requirements.”
Some key projects being recommended by Town Staff include the Highland Avenue reconstruction project, the Bridge and Culvert replacement program, the Bay Beach Master Plan implementation and the Roads and Resurfacing program.

The Town’s Budget process continues:

  • December 7, 2016 – Water and Wastewater Budget and User Fees
  • January 11, 2017 – Library and Economic Development and Tourism Corporation Budgets
  • January 25, 2017 – General Levy Operating Budget
  • February 1, 2017 – General Levy Operating Budget, part 2

For further information and to view 2017 Budget presentations, visit us on the web at www.forterie.ca. All Budget meetings take place at 6 p.m. in the Council Chambers and are streamed live on-line.

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