The cost to replace all municipally owned buildings and assets in Dysart et al is $265 million dollars.
That’s according to Sarah Craig, a senior asset management advisor from PSD Citywide, who recently undertook a review of the local municipality. Craig’s report, which was provided to council on Nov. 25, says that 78 percent of the municipality’s infrastructure is in fair or better condition. While the overall average condition is good or 68 percent.
However, she says continuing to invest $2.4 million into infrastructure each year would lead to a significant decline in the average condition. While, increasing funding to $5.1 million would maintain current conditions, and upping the investment to $6.1 annually would utilize all assets through their intended lifecycle.
Craig is recommending council consider a 2.2 percent tax levy dedicated solely to capital costs over the next ten years, while also increasing wastewater rates to 5.1%.
Council received the report for information and will discuss the recommendations at a later date.
