The Municipality of McDougall is facing an annual infrastructure deficit of around $4.3 million dollars.
That’s according to the municipality’s Asset Management Plan, which was presented to council at a meeting on Feb. 18.
The plan states that the Municipality should be allocating around $6 million annual to infrastructure, and that actual annual spending sits around $1.7 million.
According to officials, the total replacement cost of the town’s assets – including roads, bridges and culverts, water and wastewater services – is approximately $155 million dollars.
The plan recommends annual tax hikes of 2.7 per cent, and water and wastewater rate increases of 3.2 and 8.8 per cent over 20 years, in order to maintain those assets.
Council will discuss those recommendations at a future meeting.
A full report can be found at www.mcdougall.ca.
