2022-2023 Capital Budget Approved

2022-2023 Capital Budget Approved
Posted on 01/28/2022

Planning for the future and investing in our community

Last night, at a Special Council meeting, Charlottetown City Council approved the city’s proposed 2022-2023 Capital Budget. The city’s approved Capital Budget is $90.41M, less partner funding of $30.88M, and $13.40M, less partner funding of $8.67M, for Water and Sewer Utility Corporation, for a total of approximately $103.8M. The approved Capital Budget will help the city continue to plan for the future by investing in the community and maintaining the delivery of essential services.

The 2022-2023 Capital Budget focuses on:

  • creating local jobs and economic prosperity, including investments in municipal facilities, the Eastlink Centre and Bell Aliant Centre;
  • launching our city planning framework, including the city’s first Strategic Plan, a new Official Plan and a Parks and Open Space Master Plan, to provide a roadmap for the future;
  • improving the City’s customer service and community engagement efforts through facility and technology upgrades;
  • enhancing sustainability and climate change mitigation efforts in order to improve resiliency;
  • improving the road network to help reduce local traffic congestion; and;
  • building walkable, cycling-friendly neighbourhoods, including e-bikes, water bottle refill stations and bike lockers/racks in order to encourage more active transportation.

Specifically, the following capital investments are being planned:

  • public works ($44.88M), which includes storm water management ($4.24M), roads ($10.45M), multi-purpose trails ($1.74M), and sidewalks ($1.99M), Volunteer Fire Station #3 ($5.2M), Brackley Point Road – St. Peter’s Road – Belvedere Avenue Roundabout ($5.1M), and the public works campus expansion ($6.55M);
  • parks and recreation ($31.33M);
  • fire and emergency services ($3.03M);
  • police services ($0.46M);
  • transit ($6.23M);
  • community sustainability ($1.90M), including phase two of the bypass highway ($1.76M);
  • water and sewer utility ($13.4M);
  • municipal facilities and partner facilities, including Bell Aliant Centre ($0.40M) and Eastlink Centre ($0.95M) in preparation for the 2023 Canada Winter Games; and,
  • communications and technology ($0.63M).

For more information, visit charlottetown.ca/budget. To view the City’s audited financial statements, visit charlottetown.ca/financials.

The city’s Operations Budget will be presented in March.

“This capital budget is a road map of opportunity that will support our city’s recovery and growth throughout the 2022-2023 year. I am hopeful that this budget will create opportunities and stimulate growth in our communities, all while building a more accessible and resilient Charlottetown. Through prudent fiscal management coupled with a commitment to see our city grow and thrive, our Council is delivering critical infrastructure for all residents.”
– Deputy Mayor Jason Coady, Chair of the Finance Committee

“The capital budget of 2022-2023 is the largest capital budget ever past by City Council and it will see significant investment in crucial projects from public works, parks and recreation, water and sewer and more. As Mayor, I am proud to see such a forward-thinking budget that encourages real growth and opportunity in Charlottetown, while also demonstrating responsible fiscal management.”
– Mayor Philip Brown