Bruce County council has endorsed the County’s Asset Management Plan.
The plan is required by the province for every municipality.
The County’s Assessment Management is a long term capital reinvestment plan to ensure the sustainable delivery of municipal services.
Bruce County’s plan highlights $1.19 billion in county owned assets, 75 per cent of the county assets are ruled to be in fair or better condition with 2.5 per cent in the annual reinvestment rate needed to eliminate the infrastructure deficit.
Bruce County council was told the 2.5 per cent reinvestment rate is the tax contribution needed to maintain the current level of county infrastructure over the next 13 years.
