The funding gap between the costs of replacing and maintaining the city’s assets and the amount currently spent is $9.6 million a year, Brockville councillors heard this week.
As they approved an update to the city’s asset management plan – a master document laying out the value and replacement costs of everything from roads and bridges to vehicles and water systems – council members on Tuesday got a sobering reminder that nothing in the world of local government is free.
Recommended Videos
A staff report summarizing the 2025 update to the voluminous plan notes that, over 10 years, the city will need an annual average of $16.8 million “to replace city assets to maintain current service levels.”
Between 2022 and 2024, the report adds, the city spent an average of $7.9 million on capital

The Trentonian

@MSNBC Video
The Daily Beast