Staff recommends City Council adopt the FY2024-2028 Capital Improvement Plan

Each year the City of Billings adopts a 5-year Capital Improvement Plan (CIP). This plan identifies capital projects, prioritizes City facility and infrastructure needs, and helps develop sound financial investments into the future to ensure successful completion of projects. Capital projects included in the plan exceed $25,000 and have a useful life of greater than 1 year. Common repairs and maintenance items are not included, unless the improvements significantly lengthen the useful life of the asset. The CIP contains information on each project, sets a timeline and priority for each project, and identifies a planned funding source.The projects that are identified as FY24 projects will be incorporated into the next City budget and rate recommendations will be made based upon the adopted CIP. 

The draft plan was made available to the public on October 26, 2022, at www.billingsmt.gov/cip. Additionally, a GIS map showing all projects can be found at the same CIP website.

Staff presented the proposed CIP to City Council at the November 7th, 21st, and December 5th work sessions. The CIP was also reviewed and discussed at the City Council Budget and Finance Committee meeting on November 16, 2022. During that committee meeting, it was recommended by staff that amendments to the CIP made by council members when adopting the plan.
 

City Council may:

• Approve,
• Approve with amendments; or,
• Not Approve the 2024 - 2028 CIP

The total investment in projects for FY24-FY28 are estimated to cost $523,126,752. Projects are funded through a variety of revenue sources including User Fees and Charges, Debt, Special Assessments, Grants, Tax Revenue, and Contributions. The projects included in the CIP for FY24 total $76,983,113.