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City staff outline $255 million five‑year capital plan and signal possible bond issues
Summary
City staff presented a first draft of a five‑year capital improvement plan covering general government and utility projects, identified roughly $255 million in general‑government investments and large utility projects that may require revenue or general obligation bonds, and sought council guidance on priorities and financing options.
City staff presented a first draft of a five‑year Capital Improvement Plan (CIP) covering fiscal years 2026–2030 and asked the City Council to review priorities and feedback as the budget process proceeds.
Ken Hunter, a city staff presenter, told council the general‑government CIP totals "just over $255,000,000" for 2026–2030 and that staff currently projects about $34,000,000 of that could fall in fiscal 2026. He described the submission as "a first run at these proposals" and said revisions are expected as staff prepares the 2026 budget.
The presentation separated general‑government projects (Part A) from utilities (Part B) and stressed that the CIP list focuses on city‑owned physical infrastructure with project costs over $100,000 or projects financed rather than paid from current operating funds. Hunter said the city is exploring a mix of cash/reserve funding, installment financing and possible bond issues.
Why it matters: staff flagged large, multi‑year projects and financing choices that would affect taxes, rates and debt capacity. Hunter said planners are considering approximately $70…
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