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Council hears CIP corrections and a debate over using $4.3M for blight versus schools
Summary
Staff presented technical corrections to the five-year capital improvement program and reported a slight drop in projected debt service for FY2026. Council members debated whether roughly $4.3 million in pay-as-you-go funds earmarked for a property toolkit should instead be reallocated to school infrastructure and other priorities.
City finance staff told the March 11 work session that several items in the published five-year capital improvement program required technical corrections: two revenue-share projects (a Hollins Mill Road bridge replacement and a Lynchburg Center for Industry Phase 2 TAP grant) had already been appropriated in FY2025 and were removed from FY2026 in the updated schedule. Donna Witt summarized adjustments that increased fiscal 2026 by about $9 million (predominantly to accommodate the proposed Miller Park Pool project) while reducing FY2027 appropriations by roughly $18.2 million because some projects already had appropriations. Overall, the five-year total decreased by about $9.2 million.
Debt-service change: Donna said debt…
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