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Council authorizes five-year Capital Improvement Plan totaling about $958.6 million
Summary
Council authorized the proposed five-year Capital Improvement Plan (FY2027–2031) totaling approximately $958,617,952 with a Year 1 capital budget of $267,855,272; major funding sources include the Regional Transportation Commission, Regional Flood Control District and Utilities Fund.
City staff presented the proposed five-year Capital Improvement Plan (CIP) for FY2027–2031 and the council authorized the plan on April 15. The presenter said the CIP’s five-year total is approximately $958,617,952 with a Year 1 capital budget of $267,855,272 and that more than 36% of five-year funding comes from the Regional Transportation Commission of Southern Nevada, the Regional Flood Control District and the Utilities Fund.
The presentation described the CIP as a five-year document in which Year 1 becomes the capital budget incorporated into the annual city budget. Staff said the largest categories by dollar amount are utilities/sewer, flood control and transportation and noted that most CIP funding since 2002 has come from external sources. A slide shown to council summarized funding-by-source and category and emphasized continued commitment to infrastructure and maintenance to match population growth.
A councilmember moved to adopt and authorize the CIP; the presiding officer announced the motion passes. Staff told the council the CIP remains subject to amendments as funding changes and that the capital budget for Year 1 will be included in the upcoming annual budget process.
