In 2021, the Capital budget was $8.4M and the proposed Capital budget for 2022 is $15.2M.  The increase is mostly because of heavy expenditure on repairing the waterfront but a large number of smaller projects are also proposed.  Many of the smaller projects are of interest but others are routine and expected so not included in my list below.  A full list would have 62 projects.  Financing is provided by multiple sources: direct from the tax levy ($185K), reserves ($3.9M), grants ($1.9M), debentures ($8.2M) and other (the balance).  Debentures add to long term debt –  for 2022, the “long term debt charge” is $350K compared to $650K in 2021.  So although a lot of money is being spent on Capital… Read complete articleCapital Budget Requests for 2022