By Bex Staff | AZBEX
The City of Phoenix’s Five-year Capital Improvement Plan has hit a new high-water mark for funding with $9.778B in overall planned expenditures and funding. A wide range of projects across departments and focus areas, including:
- Aviation,
- Information Technology,
- Public Transit,
- Street Transportation & Drainage,
- Water and
- Wastewater are planned.
State’s Biggest Program Gets Bigger
Before 2018, the Arizona Department of Transportation had been the single largest public agency in the state for capital programs and expenditures. Since then, however, Phoenix has absolutely dominated the space, growing from a variety of new funding sources, significant tax revenue growth, as well as federal funds – such as the Coronavirus Aid, Relief, and Economic Security Act. This most recent CIP shows an astounding 18.54% YoY increase in the total program.
