Hamilton city council defers capital budget talk to January
City councillors will need time before approving Hamilton’s next capital budget – which has been set at a proposed $285.7 million for 2023.
Council voted 13-to-3 in favour of deferring the money talk until Jan. 20 to give new councillors more time to get familiar with the process., close to three-quarters, will be allocated to maintain infrastructure and keep facilities in a “state of good repair.” The absence of capital projects seen in 2022, like the Macassa Lodge redevelopment, adding green space at Brightside Park, and additions to West Harbour and the waterfront will decrease the overall investment year-over-year from $386 million to around $286 million in 2023.About 40 per cent of revenue to finance that budget is expected to come from an estimated $113.6-million transfer from the city’s yet to be determined operating budget.
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