FY2025-FY2030 Adopted Capital Improvement Program

FY2025 Adopted Budget Capital Improvement Program

Overview

Table 1 compares debt capacity available to the debt capacity needed in order to maintain the current “updated” CIP. As Table 1 shows, CIP update submission for Capital funds was not within the County’s ability to meet the needs and still remain within the established Debt Affordability. Therefore, some projects were delayed or eliminated. Table 2 compares debt capacity available to the debt capacity needed to fund the approved FY2025-2030 CIP.

NOTE: “Updated CIP” takes the current CIP (FY2025-2030) and updates the costs based on current construction costs.

Table 1

Projected General Fund Debt Affordability VERSUS Updated CIP Projects for FY 2025-2030 ($ millions)

Total Debt Cap

FY 25 140.53 70.87 *

FY 26

FY 27

FY 28 118.67 95.48*

FY 29

FY 30

588.63 548.08

Affordable Debt Updated Debt Cumulative Excess (Deficit)

74.92

81.50

92.40

80.61

78.66*

87.06*

85.48*

130.53*

40.55

69.66

65.92

60.36

83.55

90.47

40.55

*adjusted for deficiency in pay-go funding which would need to be supplemented with debt funding

Table 2

Projected General Fund Debt Affordability VERSUS Approved FY 2025-2030 CIP ($ millions)

Total Debt Cap

FY 25

FY 26

FY 27

FY 28

FY 29

FY 30

588.63 566.19

Affordable Debt Approved Debt Cumulative Excess (Deficit)

140.53 105.23

74.92 99.05 11.17

81.50 80.37 12.30

118.67

92.40

80.61 79.94 22.44

88.12 42.85

113.48

22.44

35.30

21.77

30