The city is postponing or cancelling numerous road, water and sewer projects in its 2018 budget, slashing its capital program by $160 million in the coming year compared with what it expected to spend.
The details are in a memo the city treasury sent to councillors late Tuesday, comparing the forecast its accountants prepared for 2018 when they made up last year’s budget with what the budget actually contains. It’s a one-page explanation, with an 18-page spreadsheet attached, itemizing hundreds of construction and major repair projects. The bottom line is that the city expected to spend $889 million on capital projects in 2018 but now it’ll only be $729 million.
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