Maricopa County Board Approved $3B Budget
Source: Maricopa County Maricopa County is putting hundreds of millions of dollars in federal funds to immediate use helping people impacted by the COVID-19 pandemic while also pulling back on discretionary spending unrelated to the crisis. The Board of Supervisors approved the final $3.071B budget for fiscal year 2021. The bulk of spending is focused on core responsibilities like public […]
Yuma Council Mulls CIP Projects
By Mara Knaub for Yuma sun The Yuma City Council scrutinized the Capital Improvement Program plan for 2021 in a roundtable discussion. The CIP budget, at $51.4M, is more than last year, but the city expects 45 percent of the costs to be recovered through grants, reimbursements and private-public partnerships. City Engineer Jeff Kramer noted that the needs are greater than the available resources, especially during the COVID-19 pandemic. Deputy Mayor Karen Watts thanked […]
Pandemic Complicates Scottsdale Bond Picture
By Wayne Schutsky for Scottsdale Progress As Scottsdale city leaders grapple with the financial implications of the coronavirus crisis, they also are weighing whether or not to delay infrastructure projects connected to the $319M bond approved by voters last November. The city has already approved some smaller bond projects — including some needed fire department expenditures — but was planning to spend the bulk of bond […]
PMG Airport Plans on $50M Worth of Improvements
By Brandon Brown for Phoenix Business Journal The Phoenix-Mesa Gateway Airport Authority approved a nearly $5M increase to its annual expenditure budget on October 15th, making the total amount expected to be spent on capital improvements to the Valley’s secondary airport nearly $50.3M. The increase is to pay for five specific projects in fiscal year […]
Approved CIPs Show Sustained Growth in Sector
By Rebekah Morris for Arizona Builder’s Exchange The final tally is coming in for this year’s budget season, namely, the Capital Improvement Plans for major municipalities. The next five years appear rosy for publicly funded infrastructure and public works projects, a boost of 7.28 percent in the five-year totals from last year. That is notable […]
Top Capital Programs in Arizona
By Rebekah Morris for Arizona Builder’s Exchange Show me the Money! If looking for opportunities in the Public Works sector, an obvious route is to “follow the money.” Thankfully, public agencies like the State, Counties, Cities & Towns all create an internal planning document, the 5-year (or, sometimes, 10-year) Capital Improvement Plan. The document is […]
Phx Capital Improvement Plan Jumps 30%
By Rebekah Morris and Roland Murphy for Arizona Builder’s Exchange The preliminary five-year total for the City of Phoenix Capital Improvement Plan tops $4.6B, an impressive 30 percent increase over last year’s total. Departments with the largest expenditures are public transit, aviation and water supply. For perspective, the peak 5-yr total reached 7.0B in 2007, […]
Gilbert Growing, Investing to Meet Demand
By Rebekah Morris for Arizona Builder’s Exchange The Town of Gilbert is growing fast and one place that’s evident is the five-year Capital Improvement Plan. The 2018-2022 planning document shows a healthy $957.5M five-year total, with $483.3M budgeted in FY17-18. This represents an increase of 11.69 percent over last year’s program. Budget Director Kelly Pfost […]