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City manager: $81M in capital carryforward, five-year CIP totals about $332M
Summary
City Manager David Hall said FY26 will carry forward roughly $81,000,000 in capital funds, activated $33.7M in capital this year and presented a five-year capital improvement plan totaling about $332,000,000, with council questioning older unspent bond funds.
David Hall said the proposed FY26 budget carries forward roughly $81,000,000 in capital funds, up from $71,000,000 last year, and that the city has activated about $33.7 million in capital this year. "In fiscal year 26, we are proposing to carry forward $81,000,000," Hall said, and he described a five-year capital plan projecting about $332,000,000 in total revenues devoted to capital projects.
Several council members pressed staff about long-unspent bond proceeds (roughly $10 million from 2015 and 2018) and questioned whether older projects remain feasible given inflation and rising engineering cost estimates. Hall said some projects have long development timelines that require additional upfront planning, right-of-way or redesign work and that staff will return in a work session to ask the council whether to continue or abandon particular older projects.
