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Kawartha Lakes Council approves Capital Budget to invest in community's immediate and future needs

Bobcaygeon Beach Park

Bobcaygeon Beach ParkKawartha Lakes – At the Special Council meeting November 26, Kawartha Lakes Council approved a responsible Capital Budget in line with its long-term financial plan. The Budget addresses the community’s needs while keeping expenses close to 2019 levels and sets the tax levy at 4% going into Operating Budget deliberations next week.

The budget includes $45 million of investment, including a variety of special projects aimed at new parks, active transportation planning for the future, a new arena, library and roads maintenance.  

“The 2020 Capital Budget is ambitious, yet respectful of resident affordability and the municipality’s finances. We’re moving ahead with exciting projects such as the redeveloped Bobcaygeon Beach Park and Ops arena. We’re continuing to invest heavily in maintaining and rebuilding our roads network. Some projects, such as the Colborne Street Bridge design, will move to 2021 to let growth catch up and ensure we stay within the solid financial plan we set out to guide us over the next 10 years,” commented Mayor Andy Letham.

Highlights of the Capital Budget include:

  • The Ops Arena and Community Centre has been approved for a complete new build alongside accommodating Fire Service bays as part of the complex. The total arena project is $14.5 million, but will be contingent on a successful grant from other levels of government.
  • Bobcaygeon Beach Park received funding of $4 million to begin construction on the development of the destination park after the close of the 2020 beach season. It will include amenities such as new community buildings and greenspace areas, transient boat docks, an accessible boat launch ramp and pathways. Completion is expected in 2021.
  • Bobcaygeon Library relocation and expansion has an investment of $1 million in 2020, with the balance of $500,000 in 2021.
  • Wrapping up the third year of the gravel road resurfacing program, which will see 67 individual sections of roads improved throughout the municipality at an investment of $1.5 million. This includes improving the base of these roads so they will last longer.
  • An Active Transportation Plan will be created to serve the needs of all ages and abilities within the municipality and ensure linkages between downtowns, facilities, roads and sidewalks to encourage active transportation. Investment of $100,000.
  • A feasibility study for a new cultural centre to foster collaboration and innovation among a variety of arts, culture and heritage interests at a shared cost of $50,000 each from the municipality and the Cultural Centre Committee Working Group. A study will be underway in the spring to determine the best fit for the needs of the community.
  • To improve road safety, $173,000 will be spent on a City-Wide Speed Reduction program over the next three years to reduce designated 50km/hour signs in the municipality to 40km/hour.
  • The Capital Budget held fixed (Capital) user rates for water and wastewater to a minimal increase, equating to about $10 per year.

Operating Budget deliberations will begin on December 3 at 1pm, and continue on December 5 at 9am, if required. Subscribe to the Council Calendar to be kept up to date with meeting dates, agendas and minutes.

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2020 Proposed Budget Slide

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