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City outlines 6-year capital plan for Cincinnati Southern Railway trust proceeds
Summary
City administration told the Finance Committee it has revised capital-planning procedures to prepare for recurring disbursements from the Cincinnati Southern Railway trust and to increase transparency about where trust and other capital dollars will be spent.
The City of Cincinnati administration told the city council Finance Committee it has revised how it builds the six‑year capital improvement plan (CIP) to account for recurring disbursements from the newly established Cincinnati Southern Railway trust and to improve transparency for residents.
The presentation, led by Dr. Dudes, a budget official, and Assistant City Manager Naseem Weber, described steps departments have taken to provide more detailed ‘‘subproject’’ information, identify beneficiaries, and phase large projects so design and construction can be matched to available funds. “When we produce a capital budget, we consider that a 6 year capital improvement plan,” Dr. Dudes said.
Why it matters: This fiscal year will be the first in which the city receives regular infrastructure trust disbursements. Council members…
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