Council approves $2 million in capital spending in budget

Community Online First

PICTOU – Town council has approved a capital budget for 2018-19 that includes nearly $2 million in spending.

“This is an aggressive and very doable capital plan,” Mayor Jim Ryan said after council approved the budget on Monday at a special meeting that followed its monthly committee meeting.

Infrastructure spending of $1.345 million is the largest portion of the $1.922-million budget and includes paving, sewer and pipe work and sidewalks.

One major project will be pipe replacement and repaving along Beeches Road.

Work budgeted last year but not done at the new roundabout has been carried over to the new budget.

There is also $170,000 allotted for buildings, $160,000 to bring the town’s waste water treatment plant up to code and $205,000 in fleet purchases.

Building work includes town office upgrades, renovations at the deCoste Performing Arts Centre, affordable housing and replacing the CN building’s roof.

A new service truck and other heavy equipment comprise the fleet expenses.

About $312,000 worth of projects were deleted from the to-do list and include breakwater work and a solar project that will be deferred so that possible cost-sharing can be explored.

The town has $757,080 in capital reserves, $404,333 in debt spending, a $295,000 transfer from operations, $176,667 in grants and $150,000 from its gas tax revenues to help pay for the work.

Meanwhile, the town’s operation budget will likely be ready for council to consider later this month.