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Newport News Now

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Newport News Now is a daily e-newsletter that launched in March 2016. Articles that ran in our newsletter between March 2016 and March 2018 are available on these pages. Newsletters produced beginning in April 2018 can be viewed on our new daily newsletter page.

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Oct 25

City Manager Presents Recommended 2019-2023 Capital Improvements Plan

Posted on October 25, 2017 at 9:21 AM by Communications Department

10-25 CIPAt yesterday’s City Council work session, City Manager Cindy Rohlf’s Recommended FY 2019 – FY 2023 Capital Improvements Plan (CIP) was presented. The CIP is the City’s five-year plan that establishes both a schedule and a funding strategy for high-priority capital projects and equipment purchases. The total recommended CIP across all funds (General Fund and the user fee funds) for the five years is $607.1 million.

The Recommended General Fund supported CIP for FY 2019 through FY 2023 totals $423,324,915 with just over half of that amount (53%) financed through borrowing (i.e., the issuance of bonds) and cash capital from the operating budget. The remaining half will primarily be financed through grants. Of the projects financed through bonds and cash capital, 85% of them fall in four categories:

  • School Division – 25%
  • Community Development – 21%
  • Public Buildings – 21%
  • Streets and Bridges– 19%

Over the next few months, City Council will review, discuss, and make changes to the recommended CIP and it is expected that Council will adopt a plan in January. Once adopted, the CIP becomes a schedule of capital spending commitments for the initial year (FY 2019) and a plan for capital investments for the subsequent four years (FY 2020-2023). The CIP is updated and revised each year. The entire recommended CIP is available online