Capital budget takes five-year look at improvements

Capital budget takes five-year look at improvements

Published on August 28, 2024

When a new Fiscal Year budget is presented to the City Council, City staff at the same time includes an updated five-year Capital Improvement Program. This year was no different, as the 2025-2029 program of proposed capital spending is included in the recommended budget book released Aug. 13.

By the numbers: The FY2025-2029 program places costs of the numerous projects at just under $3.8 billion, with the Water Utility accounting for $2 billion in spending. The City intends to spend $814 million on capital expenditures in FY25.

Why it matters: The document serves as a playbook for the work the City intends to undertake in the current fiscal year, and spells out what's planned for the following four years. The work involves construction of facilities, infrastructure and other assets and maintenance.

Why it's important: The CIP must coincide with the City's Comprehensive Plan and overall City goals and vision. The projects must also be funded and evaluated to ensure infrastructure maintenance and investment is equitably distributed.

What is each plan spending in FY25?

• Aviation: $24.2 million to maintain critical infrastructure at Fort Worth Alliance-Perot Field, Meacham and Spinks airports.
• Public Events: $71.3 million to maintain the Fort Worth Convention Center, Will Rogers Memorial Center and Cowtown Coliseum.
• General Plan: $157.7 million to maintain police and fire stations, technology, libraries, neighborhood improvements, parks and streets. The General Plan also includes funds to replace aging police, fire and other general vehicles and equipment.
• Environmental Services: $1 million to maintain solid waste services, consumer health and environmental quality.
• Stormwater: $23.4 million to maintain the City's drainage system of pipes and drainage channels, such as detention basins and bar ditches.
• Water: $536.4 million to maintain the City's water and wastewater distribution and collection operations.

  What happens next: The City Council is scheduled to vote on the FY25 budget Sept. 17, following a series of budget workshops and a public hearing. The City's new fiscal year starts Oct. 1.

  Share your feedback: Community open houses are being held in each council district:

• View a list of open houses and locations.
• Use the QR code below to provide feedback via ConnectFW.

Photo at top:Parks improvements are included in the City's five-year Capital Improvement Program.

Get articles like this in your inbox.Subscribe to City News.

Tagged as:

• City Council