Saint John has more than $54 million worth of capital projects planned for next year.
City council recently signed off on the 2025 general and utility fund capital budgets.
Coun. Gary Sullivan, who chairs council’s finance committee, said the city is only paying for just over half of the total.
“Of the $54 million, over $24 million of that investment is sources from contributions from other levels of government,” Sullivan told fellow councillors.
The city’s share is a combination of pay-as-you-go (capital from operating), capital reserves and borrowing, according to a staff report.
Sullivan said while the city will borrow $9 million for some of the general fund projects, it is retiring more debt than it is borrowing.
The general fund budget covers a wide range of reinvestment into city assets, he said, including regional facilities, asphalt resurfacing, street reconstruction, traffic safety and calming, a new ERP system, the City Market strategic plan, and phase one funding for a new fire ladder truck.
There are also a number of new investments, he said, including the reimagination of the Barbour’s General Store site, an extension of Harbour Passage, work at Rainbow Park, a new pickleball court, a new roundabout and the Retail Drive realignment project.
You can find a full list of the general fund and utility fund projects by clicking on the respective links.
