The City’s capital investment plan (CIP), is a 5-year plan that matches long-term, large capital investment needs in the community with available funding sources. A CIP outlines how the City plans to replace aging infrastructure and address new infrastructure needs associated with a growing City.
The City’s CIP contains a General CIP component which is funded by general government revenues (primarily property and sales taxes) that traditionally fund transportation, neighborhood improvements, and affordable housing infrastructure as well as capital maintenance items for existing public facilities. Other, separate components of the CIP include infrastructure investments for Airport, CATS, Storm Water, and Utilities, which are funded primarily by grants and user-fee revenues associated with those services.
As part of the FY2013 budget development process, the City Manager proposed a new General CIP that included proposed bond referendums in 2012, 2014, 2016, and 2018 to fund $926.4 million of investments in transportation, neighborhood improvements, and affordable housing. This proposal was not adopted by City Council.