As a result of the shave and pave program, there has been significant progress in the local road Pavement Quality Index from 67.5 to 72.1. However, the condition of arterial roads continues to decline (arterial roads are major through roads that are expected to carry large volumes of traffic.)
In the short term, staff recommended redirecting $1 million from the local roads resurfacing budget to arterial roads resurfacing. However, there is still a projected overall roads funding gap of approximately $20M from 2016-2020.
Staff will come back to Council in the Spring with a long term financing plan to address the gap between road repair work needed and funding. A short term funding infusion of $20M over the next 5 years could help repair roads before they deteriorate to the point where more costly repairs are required.
Overall, staff have calculated the accumulated infrastructure backlog of “now needs” for all city assets (roads, buildings, parks) is approximately $147.8M (2013) and that average annual ongoing renewal requirements are $69.4M over the next 60 years.
In 2013, council approved a long range capital renewal financing plan that is predicted to eliminate the backlog and funding gap in 20 years, and provide ongoing stable funding to the capital maintenance and renewal program. An additional levy of 0.75% will be added between 2015 and 2022, reducing to a 0.5% from 2023 to 2033 to assist with the infrastructure funding gap.
Read the staff report on road repair here: Development and Infrastructure Committee, January 19, Item 4, CW-01-15