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Wednesday, January 20, 2016

Media Release: Hamilton City Council Approves 2016 Capital Budget

FOR IMMEDIATE RELEASE

Hamilton City Council Approves 2016 Capital Budget

HAMILTON, ON – January 20, 2016 – On January 20, Hamilton City Council approved the 2016 Capital Budget.

Council approved the 2016 Capital Budget which will support $218.6 million gross in capital infrastructure projects. The increase in capital funding from property taxes equates to an increase in the operating budget of 0.5 per cent or $3.9 million. This represents an increase of $16 per year on an average household.

As part of Council’s direction, the Capital Budget will be focused on roads, social housing and long-term care facilities. In addition, investments will be made towards strategic growth capital projects, which include the West Harbour, downtown revitalization and parkland acquisition.

"Infrastructure renewal is the cornerstone of our capital budget as we look to allocate funds for responsible city building," said Mayor Eisenberger. "This budget also reflects my intention to emphasize affordable housing as a focal point of development this year."

Some of the 2016 Capital project highlights include:

$91.8 million towards Roads;
$18.2 million towards Transit;
$16.3 million towards Open Space Development/Parks and Cemeteries;
$14.7 million towards Recreation Facilities;
$7.5 million towards West Harbour Development;
$6.7 million towards Fire and Paramedic Services;
$2.3 million towards CityHousing Hamilton;
$1.9 million towards Housing Services;
$2.1 million towards Long-Term Care Facilities.

For more detailed information, please visit the 2016 Budget page.

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