City Council Approves Major Capital Improvement Projects for 2025 Budget

In the heart of Everett City Hall, the Budget Committee convened on July 16, 2025, to discuss the future of the city’s capital improvement programs and financial strategies. The atmosphere was charged with anticipation as committee members reviewed the allocation of funds critical for maintaining and enhancing city facilities and services.

The meeting kicked off with a detailed overview of the Capital Improvement Program (CIP) funds, particularly focusing on CIP 1, which was established in 2016. This fund is essential for major repairs and renovations of city facilities, with an annual contribution of $3 million from the general fund. However, the committee noted a deferral of contributions for 2024, raising concerns about the projected ending fund balance of $15.3 million for 2025. Major upcoming projects include renovations to the Everett Municipal Building and the main library, as well as HVAC replacements across various facilities.

CIP 2, funded by real estate excise tax revenues, is currently supporting the debt service on the Angel Of The Winds Arena and several other projects, including the Edgewater Bridal replacement and the outdoor event center design services, which received a $3 million approval from the council. The committee highlighted the volatility of these revenues, which fluctuate with economic cycles, making future funding uncertain.

The discussion then shifted to CIP 3, which is more restrictive and focuses on parks, streets, and utility systems. The committee forecasted an ending fund balance of approximately $7.7 million for 2025, with $3.3 million worth of projects already approved, including new playgrounds and park improvements.

As the meeting progressed, the committee addressed the Motor Vehicle and Equipment Replacement Fund, which is projected to face significant expenses in the coming years, including $8 million for fire vehicles and engines. This fund is crucial for maintaining the city’s operational capabilities, and the committee is preparing for a gradual rebuild of the fund balance after anticipated expenditures.

The conversation also touched on the Real Property Acquisitions Fund, which has seen fluctuations in its balance due to various projects, including the outdoor event center. The forecast for 2025 indicates a balance of $175,342, reflecting ongoing investments in public spaces.

In a notable highlight, the Fund for Animals is set to support new initiatives aimed at enhancing the welfare of at-risk dogs, showcasing the city’s commitment to animal care through grant-funded programs.

As the meeting concluded, the committee members reflected on the importance of strategic planning and resource allocation to ensure the city’s infrastructure and services remain robust. With a forecasted ending fund balance of $460,652 for the library and $3.2 million for parks, the discussions underscored the city’s dedication to fostering community engagement and enhancing public spaces.

The Budget Committee’s deliberations not only set the stage for immediate projects but also laid the groundwork for the city’s long-term financial health, ensuring that Everett continues to thrive in the years to come.