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City adopts $310 million FY27 ICIP and a five‑year $943 million capital plan
Summary
The governing body approved the FY2027 Infrastructure Capital Improvement Plan—$310.1 million for FY27 with a five‑year plan totaling $942.9 million—while staff noted that roughly 56% of projects currently lack identified funding sources.
The governing body unanimously adopted the Infrastructure Capital Improvement Plan (ICIP) for fiscal year 2027 and projections through 2031, authorizing FY27 capital spending and setting a five‑year project roadmap.
Director Yara summarized the ICIP, saying FY27 totals $310.1 million made up of pay‑as‑you‑go funding, nearly $91.2 million in debt financing and approximately $17 million of funding yet to be determined. The FY27 capital plan includes about $56.4 million in new capital appropriations and roughly $252 million in roll‑forward appropriations for existing projects. The five‑year ICIP totals $942.9 million, with public works and water/wastewater comprising the largest shares.
Staff emphasized that the ICIP does not grant legal authority for capital spending beyond FY27; it establishes a planning and prioritization framework. Director Yara noted that about 56% of the five‑year ICIP items currently lack an identified funding source and said staff will continue pursuing grants, bonds and other financing to fill the gaps.
During the discussion councilors and the city manager addressed earlier public questions about aquifer reinjection reporting, noting the budget book’s executive summary includes the reinjection funding offer and that more detail is available in the budget book. A motion to approve R41 was moved, seconded and approved by roll call.
Outcome: R41 adopted; staff will continue to refine funding plans for projects listed without identified sources and present annual appropriations for FY27 projects as required.
