NIAGARA FALLS, ON— We are pleased to announce that the 2025 Mayor’s Proposed Capital Budget Book is now publicly available, a copy of which can be found at the following link: https://niagarafalls.ca/city-hall/finance/budget/default.aspx
Based on the Mayoral Directive to Staff (MD-2024-13) on September 10, 2024, Finance staff will be presenting the 2025 Mayor’s Proposed Capital Budget at the Special Council meeting on November 26, 2024, at 2:00 pm.
The Budget Book includes business cases for 125 capital project submissions with a total gross value of $70,599,500. Staff has reviewed and prioritized the projects based on current staffing capacity and financial capacity, resulting in 97 projects with a total gross value of $50,269,000 being proposed to be funded in 2025.
Similar to previous years, the capital budget for 2025 focuses on “Asset Management,” ensuring the City is investing in the good repair of its aging assets. 84%, or $42.2M, of the $50.2M capital budget relates to maintaining existing assets. 10%, or $5.0M, relates to growth-related projects, 4%, or $2.1M, relates to service level enhancements, and 2%, or $0.9M, relates to Strategic Investments.
In 2023, there were several legislative changes under the Strong Mayor’s Act and the key dates pertaining to the Mayor’s Proposed 2025 Capital Budget have been summarized below:
- 30-Day Review Period (for Council Amendments)
- November 6, 2024 to December 5, 2024 (unless shortened by way of Council Resolution)
- 10-Day Veto Period (Mayor's opportunity to veto amendments)
- December 6, 2024, to December 15, 2024 (unless shortened by written notice from the Mayor)
- This will only apply if there are Council Amendments brought forward during the 30 Day review period
- 15-day Override Period (Council override of Mayor's Veto 2/3 majority)
- December 16, 2024 to December 31, 2024 (unless shortened by way of Council Resolution)
- This is only applicable if the Mayor exercises his Veto during the 10 Day Veto Period
Should you wish to provide a delegation to Council or provide written correspondence related to the 2025 Mayor’s Proposed Capital Budget, please follow the guidelines below:
- Requests for Delegations to Council shall be submitted in writing to the Clerk twenty-four (24) hours prior to the commencement of the Meeting via the following link: https://surveys.niagarafalls.ca/s3/Delegations-or-Appointment-to-Council
- Written correspondence shall be submitted to the City Clerk via email to [email protected] or by mail to 4310 Queen Street, Niagara Falls, ON L2E 6X5, Attn: City Clerk, no later than 12 noon the day preceding the Council meeting.
For more information, contact:
James Dowling
Deputy Treasurer
City of Niagara Falls
905-356-7521 ext. 4356
[email protected]
