Tag Archives: capital budget

Update on plans to upgrade the Victoria Road Recreation Centre

August 13, 2014

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The Victoria Road Recreation Centre opened in 1975, and at that time, was the City’s largest and most comprehensive recreation facility.  Over its life span, the building infrastructure has aged, the design is no longer meeting community expectations for physical amenities, and current levels for accessibility are not being met.  In 2002, a feasibility study […]

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Is it really a priority?

October 9, 2013

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Councillor Karl Wettstein raised a legitimate constituent concern during our meeting to receive the 2014 Capital Budget and 10-year forecast. If a Council strategic priority – like the South End Community Centre or a new main library – is not found in the Capital Budget, is it really a priority? This is a great illustration of […]

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2012 Budget Process – new and improved

November 22, 2011

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As we finalized the 2011 budget, it was clear that we needed a change in both process and format. A cross-department team was charged with this task and have delivered on the challenge they were given. The material that Council has received this year includes performance measures and trend analysis for all departmental areas. Also […]

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Finding the right balance

September 11, 2011

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I appreciate that understanding municipal finance is challenging.  As much as we try to draw analogies to everyday life, the reality is that it is just not that simple.  That does not mean that a layperson cannot understand municipal finance.  Realistically though, it does require an investment of time that many are not prepared, or […]

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2012 Proposed Capital Budget – Framing our Future

September 2, 2011

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The 2012 Proposed Capital Budget and 2013-2021 forecast is available for review by the public. City Council asked City staff to build a 10-year sustainable and affordable Capital Budget and forecast. I encourage you to read the introductory document that provides an overview of the proposed budget.  It respects Council’s approved debt and reserve management […]

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Who should pay for the Infrastructure Gap?

August 11, 2011

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A couple of weeks ago, Tabitha Southey, a columnist for the Globe and Mail (and a Guelphite), mused about the debt ceiling crisis in the U.S. and how only one half of the story was being told. She noted that the assets created are also passed on to future generations for their benefit – not […]

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