Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee reviews Elevate capital plan: $37.6 million revenue picture and sequencing for Greensboro, Riverwalk, terminal projects
Summary
Staff briefed the committee on the Elevate capital program, projecting $37.6 million in FY2026 revenue primarily from an extra 1¢ sales tax adopted in 2019, and outlined project sequencing and financing options for Greensboro Avenue, Northern Riverwalk, terminal upgrades and other projects.
City staff told the finance committee that the Elevate program plans $37.6 million in revenue next year and outlined how that money is expected to flow to projects, debt service and operating set‑asides.
Project managers said the revenue projection is driven mainly by the extra 1¢ sales-and-use tax adopted in 2019 and that the total includes previous carryforwards and savings‑center capital campaign receipts. Staff said after specified transfers (including a recurring $5 million environmental service transfer) net Elevate funding available for projects will be lower and that sequencing and cash flow decisions will determine whether the city issues debt early or uses cash to start projects.
Mister Moore, staff member on Elevate projects, described major…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
