Financial Overview

The Development Charge Background Study outlines a capital program costing $1.85 billion over the next 10-year bylaw period to accommodate growth. $833 million is designated as fundable through development charges during the by-law period plus an additional $267 million after the by-law period. $747 million is designated to be funded by the tax base, rate revenue, or other non-DC sources due to costs being non-growth related.

Because infrastructure needs to be built before growth occurs, the estimated collections from growth will be less than capital costs to accommodate it. Before considering any collection exemptions and discounts, the City will collect an estimated $760 million over the by-law period.