Lacombe city council receives proposed 2023-2032 Capital Plan

Lacombe city council has received a draft of the 10-year Capital Plan, which outlines council’s future capital priorities.

According to City officials, the estimated capital expenditures represented in the 2023-2032 Capital plan are $80.7 million (before inflation). The plan also identifies potential funding sources, including third-party contributions, debenture borrowing, grants and reserve contributions.

The first year of the Capital Plan is the 2023 Capital Budget, which City officials say will be approved to authorize capital expenditures. The remaining 9 years (2024-2032) are for planning and do not authorize capital spending. Officials further note, the plan does meet provincial and federal requirements for multi-year capital planning.

Significant projects in the 10-year Capital plan include: