LETHBRIDGE - The city's Finance Committee has wrapped up debate on the Capital Improvement
Members of City Council, sitting as Finance Committee, approved funding for such things as an Aquatics Centre,
upgrades to Spitz Stadium, 3rd Avenue Reconstruction and Streetscaping, and
completed funding for the SLP Skate Park. Finance Committee also provided
conditional future funding for the redevelopment of Exhibition Park and a
Performing Arts Centre.
Mayor Rajko Dodic was very happy with the end result. He says "we knew it was
going to be a daunting task, we had almost $400-million in asks and somewhere in
the order of $70-million available to fund community projects, I think we did as
good a job as we possible could."
In the end, they were left with
$1.7-million in unspent funds, which will act as a reserve. There will be a
1.18% property tax increase in the next operating budget cycle as a result of these decisions, in order to
operate the facilities approved in the CIP.
The Capital Improvement Program still needs formal approval from City
Council. That's expected to happen on June 10th.