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Tempe presents $1.84 billion recommended five-year CIP, highlights pavement and housing projects
Summary
City staff presented a $1.84 billion recommended five-year capital improvements program, emphasizing pavement preservation, parks and affordable housing while noting funding limits and that no decisions were made at the work study session.
Robert Bear, the city's budget office director, presented Tempe's initial recommended five-year capital improvements program (CIP), saying "the recommended CIP in total is about 6% lower at $1.84 billion over the 5 years." The presentation was informational; council made no funding decisions at the work study session.
The plan focuses financing on enterprise projects (water, sewer and solid waste) and general obligation bond-funded projects. Bear told council the two largest financing categories are enterprise revenue sources and general obligation bond-funded projects, the latter cited at roughly…
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