Thank you, Madam Chair. The revised capital estimates for 2022-2023 of approximately $104 million is comprised of a few components. First off is the typical base-funded capital budget of approximately $10 million. And then in addition to that for this year, we've had approximately $7 million in capital carryovers from the previous year. And this is a result of the additional federal funding that Housing NWT has been receiving over the last couple years. We received $25 million from CMHC in 2021, and we received another $25 million from CIRNAC in 2021-2022. And those dollars went directly into the capital plan, which is supporting the delivery of 100 new public housing units for the territory, and these are projects that are continuing to proceed and multiyear in nature and, as such, they were carried over. And then the third component is an additional approximately $24 million that has been allocated this year from the initial $30 million allocation from CIRNAC, again under budget 2022. So that's reflected in this year's revised capital estimates as well. Thank you, Madam Chair.
Mr. Martin on Committee Motion 313-19(2): Tabled Document 723-19(2): Capital Estimates 2023-2024 - Infrastructure - Deferral of Department (page 52), Carried
In the Legislative Assembly on October 25th, 2022. See this statement in context.
Committee Motion 313-19(2): Tabled Document 723-19(2): Capital Estimates 2023-2024 - Infrastructure - Deferral of Department (page 52), Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
October 25th, 2022
Page 4823
Martin
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