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Boca Raton outlines roughly $1 billion six-year CIP, $287 million planned for FY24-25
Summary
Financial Services Director Jim Zervos told council the six-year capital improvement program totals about $1 billion with approximately $287 million slated for FY24-25; major local funding sources include utility revenues, revenue bonds and the general fund, and high-profile projects include government campus planning, rail crossing work and utility upgrades.
The City of Boca Raton’s six-year capital improvement program (CIP) includes approximately $1 billion in planned projects and about $287 million in projects budgeted for fiscal year 2024–25, Financial Services Director Jim Zervos told the council during an Aug. 26 workshop.
Zervos said the CIP is a planning document that ties projects to the council’s strategic focus areas and is funded primarily by local revenue streams: utility-related sources account for a large share (water and sewer), a planned revenue bond of about…
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