Shelburne Town Council Approves 2015-16 Capital Budget
Shelburne, NS – The Shelburne Town Council approved a three-year capital budget with 2015-16 projects totaling $4.87 million on May 7th, 2015. The top priority in this budget is public infrastructure with over $3 million directed at renewing and upgrading buildings, roads, culverts and sidewalks. More than 20% of the Town's capital spending for 2015-16 will be directed at community and economic development projects including improved signage, a new guild hall and a new public park on the old King Street school lands supported by a generous donation from the Huskilson family.
Funding for the 30 capital projects included in the 2015-16 capital budget includes $2.6 million in external support from the federal and provincial governments; Council has approved the Town's contribution to projects contingent on external financing however these projects may not proceed if projected federal and provincial support does not materialize. An additional $756,500 in capital spending for 2015-16 will be financed from the Town's capital reserves, to which the Council has been steadily contributing in recent operating budgets.
Key infrastructure investments in the 2015-16 capital budget include:
· A $2.7 million project to construct a sidewalk along Hammond Street from George Street towards Roseway Hospital, resurface the road, and upgrade culverts and other existing infrastructure, for which the Town has applied for two-thirds matching funding from the federal and provincial budgets under the New Building Canada Fund.
· Much needed improvements to culverts throughout Town in accordance with the Town's Municipal Climate Change Action Plan priorities.
· Significant improvements to visitor signage both leading to and within the Town of Shelburne and a new guild hall/Shelburne Farmers Market facility on the Historic Waterfront with matching external funding anticipated.
· A new public park with splash pad and skate park components financed by a generous donation from the Huskilson family (with anticipated matching external funding from other levels of government).
· New equipment purchases including a new Public Works tractor and a new vehicle for the Shelburne Volunteer Fire Department which have now been received.
· Needed water and wastewater projects financed from the Town's dedicated water and wastewater reserves.
The complete 2015-16 Town Budget – operating and capital – will soon be available on the Town of Shelburne website at www.town.shelburne.ns.ca.
For Additional Information Contact:
Dylan Heide, CAO
875-2991 Ext. 5