Wednesday, February 5, 2025

Langley City's Proposed 2025 Capital Projects Budget

Last week, I posted how Langley City compares with other Metro Vancouver municipalities regarding total property tax and debt per household. Yesterday, I posted a breakdown of the proposed 2025 property rate, including proposed changes that Council is considering. Today, I wanted to highlight our proposed 2025 capital projects budget.

The City pays for these projects through reserve accounts, development fees and contributions, casino revenue, grants, and loans. Every year, the City takes a portion of property tax revenue and puts it into reserve accounts. These reserve accounts are savings accounts. The property tax infrastructure levy I posted about yesterday is one component. The City also receives grants from the federal government, province, ICBC, and TransLink to help fund specific projects.

This year's proposed capital budget is $16.3 million. The following chart shows the breakdown of projects by type. You can hover or click on each pie slice to get more information.

Some of the biggest proposed projects for 2025 include:

  • $2.9 million to renew the water main on 200 Street (between 44 Ave to 50 Ave)
  • $2.3 million to renew the storm sewer on 198 St (between 55A Ave and 54 Ave)
  • $1.3 million to renew the storm sewer on 201 St (between Michaud Crescent and 56 Ave)
  • $800,000 for road rehabilitation

There are a lot of smaller projects in the capital budget, including walking, cycling, repaving, and transit improvement. One of the projects that I'm looking forward to seeing completed is the Linwood Park Shade Sails/Picnic Area and Aquatic Facility Feasibility Study.

For more information, you can read the capital projects plan in the City's proposed 2025 - 2029 Financial Plan.

2 comments:

Fritz Rotmeyer said...

I would like to know how much more these capital projects are costing because of density increases. For instance, replacing the 100 year old sewers of the Fraser Hwy. one way. I'm assuming the replacement sewers will be larger than the old ones. How much extra does that cost and how much does that increase our taxes?

Nathan Pachal said...

Any growth-related project is 99% funded by developer contributions. You can learn more by reading https://sfb.nathanpachal.com/2023/07/growth-should-pay-for-growth-updating.html