Here’s some information from the 2025 budget.
On the operating side the Region has 21 million dollars in operating expenses but net of user fees and airport revenue pays 9 million out of pocket.
Over the next 10 years the capital budget expects a total of 338 million dollars. But that breaks down roughly as:
- 90 million in replacement projects to maintain status quo.
- 125 million for projects in the next 5 years that I guess we can assume will likely happen.
- The rest is 5+ years out and would only happen without corresponding growth at the airport.
So call it 34 million/year in capital costs. But worth noting that that doesn’t all come out of the tax base because there are grants and other sources of funding. Development charges can also be used for some of this work.
But at a high level I think it’s safe to assume that the Region is “out of pocket” like 40 million dollars/year. And I think a scenario where the airport stagnates and the growth capital projects are delayed/cancelled then it’s probably closer to 20 million dollars/year.
On the operating side the Region has 21 million dollars in operating expenses but net of user fees and airport revenue pays 9 million out of pocket.
Over the next 10 years the capital budget expects a total of 338 million dollars. But that breaks down roughly as:
- 90 million in replacement projects to maintain status quo.
- 125 million for projects in the next 5 years that I guess we can assume will likely happen.
- The rest is 5+ years out and would only happen without corresponding growth at the airport.
So call it 34 million/year in capital costs. But worth noting that that doesn’t all come out of the tax base because there are grants and other sources of funding. Development charges can also be used for some of this work.
But at a high level I think it’s safe to assume that the Region is “out of pocket” like 40 million dollars/year. And I think a scenario where the airport stagnates and the growth capital projects are delayed/cancelled then it’s probably closer to 20 million dollars/year.