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Johnston City Council adopts $76.3 million five-year capital improvement plan and authorizes 2027 borrowing
Summary
The council approved Resolution 26‑17 to adopt the FY2027 capital improvement budget and the FY2027–2031 capital investment plan, which includes an estimated five‑year total of about $76.3 million and initial 2027 projects funded partly by a planned $21.6 million borrowing.
The Johnston City Council voted to adopt Resolution 26‑17, approving the city’s FY2027 capital improvement budget and the FY2027–2031 capital investment plan.
Dave, who presented the plan to the council, said the five‑year CIP has an estimated total cost of about $76,300,000 and noted that projects are defined as those costing at least $10,000 with long life expectancies. He told the council the plan includes a range of funding sources—general obligation bonds, tax‑increment financing bonds, water/sanitary/sewer and stormwater revenue bonds—and that PFM’s analysis recommended structuring some revenue‑supported debt rather than…
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