City Council Approves 2020 Tax Supported Capital Budget

HAMILTON, ON - Council has approved the City of Hamilton’s 2020 Tax Supported Capital Budget. Council’s approval supports $244M million gross in capital infrastructure projects in addition to in-year approved capital projects in 2019, resulting in a gross 2020 capital budget of $397.7M. The increase in capital funding from property taxes equates to an increase in the operating budget of 0.87 per cent or $7.545 million. This represents an increase of approximately $31 per year on an average household.

The Tax Supported Capital Budget will focus on roads, bridges, traffic, sidewalks, transit initiatives, housing initiatives, corporate/recreation facilities, Fire and Paramedic Services, central fleet vehicle and equipment replacement, and waste management initiatives.  In addition, capital investments will be made towards improving the outdoor spaces in Hamilton including open space development, forestry and horticulture and West Harbour development.

2020 Tax Supported Capital Budget Highlights

$397.7 million gross capital spending includes:

• $151.9 million towards Transit initiatives
• $77.9 million towards Roads, bridges, traffic, sidewalks
• $28.3 million towards Housing Initiatives
• $23.0 million towards Roads growth
• $20.9 million towards Corporate and Recreation facilities
• $11.7 million towards Fire and Paramedic Services
• $10.9 million towards Open Space Development
• $10.2 million towards West Harbour Strategic initiatives
• $10.1 million towards Central Fleet Vehicle and Equipment replacement
• $8.9 million towards Waste Management initiatives
• $4.1 million towards Forestry and Horticulture