WATCH: How PayGo funding maintains capital, avoids some debt costs

PayGo funding uses cash, not debt, to maintain, extend and safeguard the City's vital infrastructure.

Since projects are funded using existing resources, there is no need to borrow money and incur interest payments, which leads to lower long-term costs for taxpayers.

• Using PayGo to pay for maintenance and improvements as they arise prevents deterioration and lengthens the lifespan of assets.
• This results in greater financial flexibility for larger scale projects as the city grows.
• Improvements can be made in the current fiscal year instead of waiting for the next bond program.

The mayor and council will consider a PayGo funding request as part of the FY25 budget. The council votes on the budget in September.

Watch this video to learn more:

Visit the City's budget website.https://www.fortworthtexas.gov/departments/the-fwlab/budget/fy2025

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