Year	Amount (in millions)
2020	$26.1
2021	$40.1
2022	$43.6
2023	$44.7
2024	$54.8
2025	54.4
2026	$55.2

It is noted that while the current 2020 8-year capital budget has an amount higher than $55.2 million for 2027, Administration will reduce the Service Sustainability funding amount for 2027 when developing the 2021 9-year capital budget. This will likely be accomplished through use of development charges as the new study will be completed in 2020 and is likely to create opportunities to reduce the 2027 Service Sustainability funding amount by leveraging additional DC funding.

Consultations:

Conclusion:

That City Council approve the recommendations for the 2020 8-year Capital Budget identified in this report.

Planning Act Matters:

N/A