Draft Capital Budget for 2021

Cobourg’s Capital budget is used to pay for items that produce or repair assets.  The source of the money is indicated in the budget and is mostly not a direct charge to the taxpayer – instead, money comes from reserves (money put aside for the purpose), grants from the Provincial and Federal Governments, bank loans and other miscellaneous sources.  The totals of these sources is not provided in the budget but can be determined by adding all the numbers – so I did that.  See table below.  The other interesting thing to know about the Capital budget is what it will be spent on.  Many items are routine like vehicle replacements but others are Town improvements.  Major and significant projects… Read complete articleDraft Capital Budget for 2021