Bids on those projects came in under budget and now the City will only spend $17.4 million, leaving an extra $5 million left in the Capital budget. The City will now use some of that surplus money to repair more roads this spring.
The city typically spends $1 million on road repair, but they say the impact on our roads from last season’s conditions were so damaging, it’s going to cost an extra million to address these concerns.
An update of the capital budget will be present to council once the remaining projects are tendered and a final cost for each proposal is presented. At this point, any extra funds will either be reallocated or reserved for the 2015 budget.