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Capital Budget for 2022 gets nod from Yorkton Council

Includes first stages of York Road reconstruction
City

Yorkton Council approved the City’s 2022 Capital Budget at its regular meeting Monday.

It is important for the City to plan its capital budgets in advance, as project sizes and costs require funding and design to be carefully planned out, with often months of work on engineering and design leading up to the project, noted a report to Council Monday from Ashley Stradeski – Director of Finance, with the City.

The 2022 Capital Budget will see an increase in spending.

“This 2022 capital budget includes the spending of $4,640,000 which is an increase over 2021’s of $250,000 or a roughly one per cent increase to taxation added tothe budget in 2022,” explained Stradeski.

The one per cent will allow greater spending, with Stradeski noting it raises $2.5 million over 10-years, or the cost of the Darlington-Mayhew street project.

The effect a one per cent increase in taxes will have on the average homeowner is in the range ofabout $15-$25 per year, he added.

The majority of the 2022 Capital Budget will go to infrastructure.

Some of the infrastructure projects included in this are:

* Gladstone Avenue Improvements

* Smith Street Improvements – Design

* Ball Road Paving

* York Road Reconstruction

However the most notable project is the start of reconstructing York Road, a project where construction is hoped to start in 2023, and take two to three years to complete.

“It’s not as simple as the peel and pave on Broadway (Street),” said Stradeski.

Funding for this project will include $2.5 million annually out of the capital budgets for the next several years, as the project far exceeds a single year’s capital budget, said Stradeski, adding the total project cost is pegged at near $17 million.

It’s one of the largest road construction projects the City has ever undertaken, he said.

The next biggest “slice of the pie” goes to Waterworks and Landfill, with upgrades and work including:

* Landfill Operational Master Plan – Regional Landfill

* Ground Water Resource Investigation – Aquifers

* Water Well Improvements

* Water Pollution Control Plant – Design

Stradeski noted the waterworks and landfill are self-funded.