August 2017 News Archive

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Mid-year budget tackles immediate needs and developing opportunities

August 22, 2017 12:28 PM
(Red Deer, Alberta)

City Council approved a $5.07 million one-time capital investment in a variety of items including burial of overhead power lines on 48 Avenue and new ambulance replacements as part of today’s 2017 mid-year budget review.

Today’s meeting included a progress update from City Administration on strategic initiatives as well as an overview of Red Deer’s economic situation, the financial status of The City of Red Deer and mid-year budget recommendations for City Council’s consideration.

“Mid-year budget gives us an opportunity to provide City Council with a strategic and financial update for the organization as a whole as well as to bring forward any issues, projects or initiatives that need to be heard prior to capital and operating budget discussions,” said City Manager Craig Curtis.

Only a few time sensitive items were brought forward for Council consideration at this year’s mid-year budget deliberations. Items included funding for a north regional water and sewer line, and two Emergency Services ambulance replacements.

Streetscape upgrades along 48 Avenue were also approved. The upgrades include the burial of an overhead power line on the east side of 48 Avenue, which will allow The City to create a more pedestrian friendly link to what will be the Canada Games Celebration Plaza.

“This much needed development will improve safety, community access and economic development for our community and is especially important with the upcoming 2019 Canada Winter Games,” Mayor Tara Veer said. “The opportunity exists now to bury the lines and ensure increased sustainability.”

Capital reduction of $4.132 million was also realized on the north regional water line as the project costs have come in lower than anticipated. This regional line provides significant efficiencies and cost savings while supporting the growth and development of north Red Deer.

“Balancing the needs of our community with our responsibility to ensure financial sustainability today and in the future is increasingly difficult as we continue to navigate the current economic conditions and as the full impact of the recession becomes a reality,” said Mayor Veer. “The items approved by City Council today were only considered in response to an immediate need or an emerging opportunity.”

Funding for these projects is planned through capital reserves and there is no anticipated impact on operating reserves or taxation.

For more information, please contact:

Tara Veer                               
The City of Red Deer             

Craig Curtis
City Manager
The City of Red Deer 

Communications & Strategic Planning
The City of Red Deer

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