The City of Abbotsford ran a healthy operating surplus last year and further boosted its capital reserves in 2017, according to audited statements presented to council last week.
But councillors warned that money and more will be needed to maintain the city’s infrastructure over the coming decades.
Increased revenue pushed the city’s surplus to $24.7 million, up from $23.7 million last year. That money will be moved to reserves, which have grown considerably in recent years, to $173.9 million.