August 14, 2018
City of Kamloops Capital Projects Result in $2.4 Million Surplus
In reference to a Kamloops This Week article published August 13, 2018, the City of Kamloops and Council wish to clarify the headline which references “City of Kamloops projects $1M over budget”. While the article is balanced and well written, the headline does not represent the content of the article.
While four City projects have resulted in a $975,000 overage, more than 50 other capital projects have, or are projected to, come in under budget, resulting in an almost $2.5 million net surplus.
The Capital Projects Update and the Capital Project Budget Variance Report were presented at Council on August 14, 2018 and can be viewed here.