Deep River Mayor Sue D’Eon isn’t happy about the fact the largest expenditure being proposed on roads this year is targeting one of the smallest streets in town.
But, as municipal staff were quick to explain last week, the big-ticket item entails more than just giving that roadway (Hammond Court) a fresh coat of asphalt.
All that came about last week during council’s deliberations on the town’s proposed 2024 capital budget.
Excluding water and wastewater expenditures, the draft budget is calling for $4.65 million in capital spending this year.
About a third of that funding is expected to come from taxation and reserves, 46 per cent from debt financing and 16 per cent from federal and provincial grants.
“We tried to come up with a balanced approach that considers everything from our strategic plan to our asset management plan, right down to the financial master plan and our fleet plan,” Deep River’s chief administrative officer, Sean Patterson, told council of the work which went into preparing the capital budget.
“It’s a bit of a juggling act. There’s no right or wrong answers, so staff have compared it to those plans and come up with the list put forth to you this evening”…
- For the full story, pick up a copy of this week’s NRT.
The NRT website offers just a sample of what you’ll find inside each week’s issue. To get the full NRT delivered directly to your mail box or inbox each week, subscribe to our print or digital editions here.
