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Council hears $65.7M CIP proposal; staff outlines programming for $30M in unissued bonds
Summary
Public works staff presented a proposed FY2027 capital improvement program of $65.7M and a $284M five-year unfunded wishlist, and described how the $30M remaining from the 2021 voter-authorized bond could fund drainage, parks, mobility and facilities projects.
Public works staff on June 29 presented the proposed FY2027 capital improvement program and explained how the remaining voter-authorized bond authority could be programmed to support priority projects.
Mustafa, representing the public works department, told council that the funded CIP for 2027 is $65,700,000 and that an unfunded five-year list of projects totals about $284,000,000. "The CIP program, for 2027 is $65,700,000 and that will include drainage facilities, parks, transportation, metro-funded project, as well as utilities," Mustafa said.
Staff explained the funding mix: approximately $30,000,000 in authorized but unissued bond authority from the 2021 election would be programmed toward drainage, facilities, parks and mobility; $7.9 million is the current estimate of Metro funds expected in 2027; and utilities projects (about $27.7M) would be financed through enterprise bonds and do not affect the general fund.
Mustafa outlined sample project-level estimates tied to the unissued bond: $3.9 million for Stable Park improvements (with design underway and construction planned for 2027), several drainage projects including an estimated $1.7 million Northeast Oster Creek detention pond, and mobility projects totaling about $18.9 million. Staff noted some drainage project costs would be reimbursed by the Texas General Land Office (GLO) and that certain wish-list projects remain unfunded.
Staff also warned that issuing the remaining $30 million of bonds would likely require a modest increase in the debt-service tax rate (staff estimated a 2.4-cent increase to the debt-service rate, producing a total tax-rate example near 0.595). Mustafa and budget staff said more detailed CIP funding plans and project-level budgets will come back to council as part of the formal budget process.
Council requested further project-level detail and a fuller CIP presentation in August, including design timelines and funding commitments before construction.
