Why was $1,050,000 taken out of the 2026 infrastructure reserve contribution when the city's own strategy warned that reserve could go $99 million into deficit?
$1,050,000cut from the 2026 contribution to the Infrastructure Reserve (the Financial Strategy projects a $99 million reserve deficit by 2028 if all forecast projects are approved)
A reserve is money a city sets aside for later, here for roads, buildings and other things it must repair or replace. When council amended the 2026 budget on November 28, 2025, one change cut the yearly top-up of the Infrastructure Reserve by $1,050,000. The mayor approved it in writing on December 1, 2025. The city's 2025 to 2029 Financial Strategy says this same reserve is projected to be $99 million in deficit in 2028 if all projects in the forecast were approved, and the 2026 budget book says the city has a yearly gap between what its assets need and what it spends.
Found by reading the city's own documents · 4 sources