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Council hears CIP trade-offs: 13 candidate projects clash with debt capacity, BFAC urges data-driven trade-off tools
Summary
OMB said adding council's 13 candidate capital projects could raise funding needs by roughly $125M'$160M and push Alexandria near its debt capacity by FY31; the Budget & Fiscal Affairs Advisory Committee recommended improved decision tools, benchmarking and joint advocacy with ACPS.
City capital planners told the council the ten-year CIP will be constrained by debt capacity and rising operating support needs, and staff urged careful prioritization of new projects.
Arthur Wicks of the Office of Management and Budget summarized the recent CIP work session: council identified 13 candidate priorities; five were reaffirmations of existing CIP projects while the remainder were unfunded additions that would add roughly $125 million to $160 million to the 10-year plan when costs and timing…
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