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City Council Approves 2023 Capital Budget

Woodstock City Council approved a more than $31 million Capital Budget for 2023 during last night's meeting.

WOODSTOCK - Woodstock City Council has officially approved the 2023 Capital Budget.

Amidst a busy three-hour meeting, Council passed next year's Capital Budget and 2024-2027 Capital Forecast unanimously with relative ease.  

Important notes include the approval of a 2023 interim tax levy and the borrowing of no more than $5 million. All budget amendments were also approved unanimously.

You can watch the full Council meeting for more information on the City of Woodstock YouTube channel.

Some of the big highlights from the 2023 Capital Budget include a more than $5 million investment towards the South Gate Centre expansion and renovation, $5.7 million for road reconstruction projects, and $1 million to replace a fire truck.

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