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Recommended 2018 Capital Budget and 10 year Capital Plan released today

November 8, 2017 11:00 AM
(Red Deer, Alberta)

An $81.05 million Capital Budget, one of the smallest capital budgets City administration has submitted, will be considered by Council for 2018 with The City focusing on the sustainability of infrastructure. City Council will also consider the 2019-2027 Capital Plan valued at $1.33 billion.

“In recognition of the reduced levels of growth in Red Deer, with a continued reduced rate predicted for the next several years, administration is bringing forward one of the smallest capital budgets we have seen in a decade,” said City Manager Craig Curtis. “We recognized the challenges, took a proactive approach, and developed a budget to reflect that.”

In 2016 and 2017, Red Deer saw a slowing in overall growth, and the economy’s continued uncertainty plays into the planning for infrastructure. The projects being proposed will work to ensure our foundational infrastructure is sustained, previously approved projects are accounted for and reserves are maintained in a positive balance.

“It is typical for municipalities to experience a lag in economic recovery for up to two years after the economy begins to recover. So while the community is beginning to see and feel the economy recover, it will take The City a while longer to start to see that positive impact on City finances,” said Curtis.

With Red Deer being the next largest urban municipality to the major metro areas of Calgary and Edmonton, and being the host of the 2019 Canada Winter Games, it is imperative to focus on sustainability planning for growth and infrastructure and building our city’s future through Council’s vision.

“Our focus is, and always will be providing quality services and facilities for Red Deerians,” said Curtis. “This capital budget will allow us to focus on items previously approved, and maintain the great amenities, community and infrastructure we have in place. As our economic conditions improve, we will revisit projects and plan to build for growth.”

On November 29, Council will consider the recommended projects in the 2018 Capital Budget, multi-year projects with start dates in 2018. Council will also consider the 2019-2027 Capital Plan, giving administration the ability to plan future projects while providing the flexibility to adjust projects based on community needs and funding sources.

“We are always balancing the city’s need for enabling growth, building community amenities and maintaining infrastructure,” said Dean Krejci, Chief Financial Officer. “This budget and plan maintain the longer term sustainability of our funding sources with the current economic environment and growth rate of our city.”

As part of the 2018 capital budget process, citizens have the opportunity to review the budget and provide feedback to Council before they consider it. Feedback can be provided by email to legislativeservices@reddeer.ca or in writing at City Hall, Collicutt Centre, Recreation Centre, Red Deer Public Library Downtown Branch, Timberlands Branch and G.H. Dawe Branch. Copies of the budget are also available at those locations for citizens to review. The deadline to submit feedback is 4:30 p.m. on Friday, November 24.

Budget details can also be found online at www.reddeer.ca/budget.

Capital budget review begins at 9 a.m. on Wednesday, November 29 and may continue on Thursday, November 30 in Council Chambers, City Hall.

For more information see the 2018 Capital Budget QA Backgrounder (pdf) .

For more information, please contact: 

Craig Curtis                                          
City Manager                                            
The City of Red Deer                                          
403-342-8156                                        

Dean Krejci   
Chief Financial Officer          
The City of Red Deer 
403-342-8204       

Communications & Strategic Planning
The City of Red Deer
403-342-8147

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