Roads 101 Finance
City of Kawartha Lakes
Geographic Size: 6th largest in Canada
2nd largest in Ontario
Population:
73rd largest in Canada
25th largest in Ontario
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kawarthalakes.ca
City Assets
Total Assets of $3.2 Billion
Roads and Related Assets
$1.7 B
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Road Network
City of Kawartha Lakes:
~ 5,400 lane km of roads
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Households per lane km of roads
City of Toronto has ~ 80 households per lane km
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Households per lane km of
roads
City of Peterborough has ~ 37 households per lane km
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Households per lane km of roads
City of Kawartha Lakes has ~ 7 households per lane km
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Investment in Roads
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$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2010 2015 2016 2017 2018 2019 Operating Investment in Roads Capital Investment in Roads Increased investment of ~ 90% or ~$24M
Winter Control
kawarthalakes.ca Slide 9 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 2010 2015 2016 2017 2018 2019 Winter Control Budget Winter Control Actual Increase of ~ 50% over 10 years
Tax Support to Roads
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Tax Support to Roads
City of Toronto
• Households per lane km of roads ~80
• Average residential taxes $3,020
• Percentage of taxes allocated to roads ~5%
City of Peterborough
• Households per lane km of roads ~37
• Average residential taxes $3,064
• Percentage of taxes allocated to roads ~20%
City of Kawartha Lakes
• Households per lane km of roads ~7
• Average residential taxes $2,700
• Percentage of taxes allocated to roads ~ 35%
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Financial Summary - Roads
Maintenance costs are growing beyond the rate of inflation
Increase in weather related events
Long Range Financial Plan update will need to consider the increasing financial pressure of roads maintenance
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Questions?