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Capital Plan and Budgets

The City develops its capital investment plan in a five-year time frame. This ensures appropriate planning for required projects and demonstrates the complete impact of major, multi-year projects.

What is a capital plan?

  • A capital plan includes estimated expenditures needed to pay for such assets as land and construction of buildings, bridges and other major permanent improvements.
  • An item will be deemed a capital item if it has a life expectancy of more than one year.
  • The capital budget is based on a five-year plan, where the costs of a project may be spread-out over more than one year.

How does The City use the capital plan?

  • Buying land, construction of buildings and infrastructure (i.e. roads, recreation centres, libraries).
  • Buying of items used for one-time costs, with a life expectancy of more than one year (i.e. equipment, vehicles, structures, systems, etc.).
  • The capital plan includes a mix of maintenance, upgrade, growth and service change projects. It acknowledges that the needs for new infrastructure must be balanced against The City’s obligations for existing infrastructure in established communities.

In most cases, money cannot be transferred between capital and operating budgets because of rules set by funders.

Why does The City use debt for Capital projects?

The City of Calgary is rapidly growing, with some projections of 100,000+ new Calgarians over the next four years of Action Plan.

Ensuring we provide value and quality service combined with the challenge of a rapidly growing city requires responsible planning, and a balanced approach to creating and maintaining our infrastructure. This includes using debt in a fiscally prudent way to build and implement new roads, purchase CTrains and buses, build recreation centres and libraries, and many other things.

The City continues to achieve a high credit rating of AA+, which is among the best for Canadian municipalities.Funding the 2015-2019 Capital Plan: $7.6 Billion
2015-2019 Capital Plan Totals: $7.6 Billion