Economic Standing Policy Committee finishes week of deliberations
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The Economic Standing Policy Committee of city council adjourned on Friday after five days of deliberations leaving $31 million unallocated for the next elected council to make use of after this fall’s municipal election.
While most initiatives funded in this upcoming 2022-2031 Capital Improvement Program cycle were modest and relatively inexpensive to fund, there were a few which stood out as having a larger impact on the city in the years to come.
The recommendation that city council fund from the CIP a green bin program was approved by Economic SPC over the next fours years for about $3.5 million per year ($14 million in total) to cover operating costs, but it will also trigger a $10.6 million investment in a new organics sorting facility through City borrowing, and eventually a $7 per month additional utility charge by 2023 for every residential dwelling in the city.