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Council advances $60 million capital budget including $15 million for school infrastructure
Summary
The finance committee recommended a $60 million biannual capital budget; the proposal includes $15 million earmarked for public school infrastructure. The committee also recommended issuance of short-term notes to manage cash flow.
The New Haven City Council's finance committee presented a proposed $60,000,000 biannual capital budget for fiscal 2025–26 that would fund rolling stock, equipment, IT and physical plant improvements, including $15,000,000 for public school infrastructure.
Why it matters: Capital spending determines multi-year investments in schools, public facilities and city equipment. The $15 million earmark for schools is intended to support maintenance and infrastructure projects across New Haven Public Schools.
Key details: Appropriating Ordinance No. 3 is the capital budget proposal; the finance committee voted to recommend it favorably. Separately, the council considered an ordinance authorizing issuance of general obligation tax anticipation notes or grant anticipation notes (Appropriating Ordinance No. 4) to smooth cash flow and ensure the city can meet bills when incoming revenues are timing-dependent.
Committee remarks noted that in recent years the city has issued bonds every other year and that only the East Rock Communications Tower Fund among the enterprise funds was not on a sustainable path at present. The committee urged approval to fund immediate capital needs.
Outcome and next steps: The finance committee recommended the capital ordinance for approval; the council proceeded to consider the item during the meeting and related financing ordinances for short-term borrowing to support cash flow.
