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City presents $248 million FY26 preliminary CIP, highlights resilience and Penny for Pinellas shifts
Summary
Budget staff presented a $248.3 million FY26 preliminary five‑year capital improvement plan that front‑loads resilience work and shifts Penny for Pinellas allocations; Council and staff flagged open questions about funding for SPAR projects and requested follow‑ups.
City budget staff presented the city of St. Petersburg’s preliminary FY26 capital improvement plan (CIP), telling the Committee of the Whole the five‑year program totals $248,272,000 for FY26 projects and places a renewed emphasis on resilience planning. The presentation reviewed how the plan was developed, major fund totals, and items staff plans to return to council for appropriation later in the year.
The budget director said the presentation “is based upon information contained in the workbook,” and walked council members through the CIP process, timelines and key funding assumptions for Penny for Pinellas and other funds. The Water Resources CIP fund is the largest single fund in the FY26 plan — roughly $126.12 million and just over half of the FY26 projects — while the stormwater drainage fund…
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