Colwood, BC anticipates future budget challenges with Sustainable Infrastructure Replacement Plan

Colwood, BC Sustainable Infrastructure Replacement Plan

Complete

Colwood produced a 50-year spending forecast based on an infrastructure condition assessment. The forecast found a $290 million CAD shortfall for infrastructure replacement based on current spending practices. City officials responded to this forecast by recommending the use of new tax revenue from construction projects for infrastructure maintenance. Additional policies include the use of retired debt payments for a dedicated fund and full life-cycle analyses for new projects.

Finance Budgeting Transparency Planning Infrastructure Capital/Infrastructure Projects

Colwood, BC

City in British Columbia

Canada

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Colwood Sustainable Infrastructure Replacement Plan

24.64MB

Newsworthy

Colwood wins Award of Excellence for Sustainable Infrastructure Replacement Plan | The City of Colwood

The City of Colwood has been recognized with an Award for Excellence in Government Finance for the Sustainable Infrastructure Replacement Plan. Colwood staff earned top marks for their innovative approach to improving the public’s financial awareness through the exceptionally well implemented financial practices documented in the plan.

Project Succeeded

Colwood received a 2019 Award for Excellence from the Government Finance Officers Association.

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