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Goal
• To be consistent with our strategic approach in making balanced and responsible investments in building up our community.
• Continue increased capital spending.
• Continue record investment in roads, sewers, and infrastructure.
• Enhance and invest in our community assets.
Our Balanced Approach • Since 2004 we have maintained a balanced
approach to our City budgeting process.
• Our plan has focused on 4 Fundamental
principles: Hold the line on taxes
Reduce Debt
Increase Capital Investment
Increase Reserves
Debt
$229.4
$114.8
Current
$90.0
Projected
$360.0 $360.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
$400.0
2002 2013 2017
In $
Millio
ns
Current Debt Projected Debt without Pay-As-You-Go Funding Strategy
Debt reduction achieved = $270 million
Long Term Debt Summary (in $ Millions) (Reflects the Savings of the Pay-As-You-Go / Debt Reduction Policies.
Prior to these policies, the Long Term Debt was projected to have grown to over $370 million).
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$229.4
$205.3
$185.3 $171.4
$160.2 $158.2
$190.4 $182.4 $180.5
$160.6
$114.8 $110.1 $105.2 $100.1 $94.7
Actual
Source: City of Windsor Data
Capital Plan
$0
$20
$40
$60
$80
$100
$120
1996-2003 2004-2008 2009-2017
$57
$85
$115
Annual Capital Spending Comparisons (in $ Millions)
2013 Enhanced Capital Budget
• Enhanced Capital Budget increased the 2013
5-year Capital Plan by another $64.3 M
• Increased funding as follows: – Roads approx. $20 M
– Trails, Sidewalks, Bike lanes…. $4.23 M
– Transportation $4.7 M
– Economic Development $8.05 M
– Corporate $23.9 M
– Other $3.45 M
Building Up Our Community
2014 Capital Plan
• Increase transfer to Capital by $10
M/year over 5 years
+
• $8.0 M One-Time Investment
How
$3.1 M Operating Budget
$1.0 M Tunnel Dividend
$5.9 M OMPF
Total: $10 M / year
$ 50 Million over 5 years
$ 50 Million over 5 years
+
$ 58.5 Million over 5 years
$6.5 M 1x 2013 OLG + 1x Best Start
$1 M 1x 2013 Tunnel Dividend
$1 M 1x 2013 Enwin
Total: $8.5 M
Capital Plan
2004 – 2018 Total Investment $1,580,468,000
2004 – 2008
$397,839,000
2009 – 2013
$741,284,000
2014 – 2018
$382,845,000
2014 +,
$58,500,000
$0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000
Community Investments
Revenue Available $58.5 M
Windsor Loop Bicycle Trail $5.0 M
City Hall $12.0 M
Library $7.0 M
Total $24.0 M
Remaining Revenue Available $34.5 M
Investments Roads and Transportation
Ouellette Avenue Streetscaping $3,600,000
Pillette – Seminole to Tecumseh $1,300,000
Semiole – George to Pillette $590,000
Tecumseh Road East – Forest Glade to Robinet $1,200,000
Tecumseh Road East – Pillette to Walker $972,000
VIA Track Removal, Devonshire / Riverside $390,000
Walkerville BIA $550,000
Wyandotte Street East – Gladstone to Devonshire $500,000
Wyandotte Street East – Cadillac to George $1,500,000
Wyandotte Street East – Medians $520,000
Total Roads and Transportation $11,122,000
Investments
Community Services
WFCU Centre $600,000
Riverfront $2,000,000
Oakwood $1,000,000
Science Centre $500,000
Emergency Operations Centre $1,500,000
Total Community Services $5,600,000
Investments
Economic Development
Economic Development – CAO’s Office & Mayor’s Office $100,000
Airport $2,500,000
Subtotal Economic Development $2,600,000
Special Events
FINA Diving World Series $1,300,000
Ontario Summer Games $1,300,000
Subtotal Special Events $2,600,000
Financing & Financing-Related Contingency $12,500,000
Total $17,700,000
Investments
Investments
Roads and Transportation $11,122,000
Community Services $5,600,000
Economic Development $2,600,000
Special Events $2,600,000
Financing & Financing-Related Contingency $12,500,000
Total Investments $34,422,000
Overall
Revenues Expenditures
Available Revenue $58,500,000
State of the City
Commitments $24,000,000
New Investments $34,422,000
Total $58,500,000 $58,422,000
Major Projects Funded Through Debt Reduction Levy The following major expenditures will be largely funded through 2015 from the
Debt Reduction Levy:
WFCU Centre $65.0 million
Family Aquatic Centre $62.6 million
Huron Lodge $42.0 million
400 City Hall Square West $30.0 million
Reserve Enhancement $28.0 million
Early Repayment of Richmond Landing Debt $20.6 million
Radio Infrastructure $10.0 million
Richmond Landing $10.0 million
Police Training Facility $5.0 million
Other $15.0 million
Total $288.2 million
2018 Debt Reduction Levy
2018 2019 2020
Unallocated
Funds Available
$21,079,000 $28,900,000 $28,900,000
University of
Windsor
$7,500,000 $7,500,000
Net Unallocated
Funds
$21,079,000 $21,400,000 $21,400,000