Hamilton City Council’s 2020/21 Draft Back on Track – COVID-19 Response Budget proposes delaying 14 capital projects at a saving to the ratepayer of $59.8 million.
On the list of projects being pushed to later years is an extension to the Victoria on the River boardwalk, an upgrade to the Transport Centre, the Eastern Pathways school and university cycle link development, demolition of the Municipal Pools and several infrastructure projects in Peacocke, Rotokauri, Ruakura and Rototuna.
Delaying the projects will help keep Council’s debt levels lower and reduce interest costs, said Mayor Paula Southgate.
“There is a balance to be found between being prudent but continuing to invest in the city.
“That’s why we’re progressing with $302.8 million of capital projects. Council has an important role to play in supporting the local economy and getting money circulating to local businesses, supporting local jobs and local families.”
Projects given the go ahead by Council include investing $12.3 million in arts and community projects, $27 million in parks and recreation, $25 million in roading projects, $11 million in Hamilton’s water supply and $11 million in visitor attractions.
For the full list of capital projects and to provide your feedback, visit hamilton.govt.nz/annualplan or pick up a hard copy from the Council building or any Hamilton City Libraries branch.
Feedback on the Draft Back on Track – COVID-19 Response Budget closes on Friday 10 July.
Elected Members will discuss all feedback at a Council meeting on 23 July 2020. The final budget, including the rates for the year ahead, will be finalised on 10 August 2020.