The proposed 2019 St. Thomas Capital and Operating Budget would see a levy increase of 1.8%. Both the Capital and Operating Budgets began to be discussed at a special meeting of council on Monday night (January 7). The proposed $23,458,000 capital budget includes 27 expenditures.
The biggest proposed capital project for 2019 is the $8.8 million reconstruction of Elm Street from Sunset Street to First Ave and the Emslie Roadway.
Council also voted to include the resurfacing of the Seniors Centre Parking Lot which was on the list of items not recommended for approval this year.
Council voted to have the estimated $175,000 needed for the resurfacing come from the infrastructure reserve fund.
Council has approved the 2019 Capital Budget in theory and only got part way through the operating discussions. Council will continue the operating budget discussions at another meeting on Thursday night (January 10).
Both proposed budgets will receive final approval from Council at the January 21st council meeting.