SPRINGFIELD, Mo. — The city of Springfield is planning to spend almost $80 million on over 100 capital improvements during the 2018 fiscal year.
If the plan is approved by the Planning and Zoning Commission in December and by City Council during their Jan. 29, 2018 meeting, the city will spend nearly $80 million on 114 capital improvements projects and programs, according to a press release from the city.
Capital improvement projects have a broad definition, but the city said these projects are typically individualized projects that each cost $100,000 or more and will be useful for at least six years.
These projects can include construction of new streets, parks, stormwater and sanitary sewer facilities and improvements to areas including the landfill, airport, zoo and public facilities, buildings and grounds.
Other programs which could be included in the $80 million include the acquisition of property, land or easements.
According to the release, capital improvement projects and programs are prioritized based on their relationship to the following City Council adopted priorities: public safety, legislative engagement, fiscal sustainability and economic vitality.
“The Capital Improvements Program is a schedule and strategy for funding and planning the construction, maintenance and replacement of the infrastructure and public facilities for a six-year planning window,” said Principal City Planner Randall Whitman. “The CIP also strives to align anticipated capital improvements with adopted plans, studies and related programs the City and its various departments are charged with following.”
These projects and programs are primarily funded by the 1/4-cent Capital Project Sales Tax, which has been renewed every three years since 1989. Other funding includes the 1/8-cent Transportation Sales Tax, the Level Property Tax, the 1/4-cent Parks Sales Tax, and state and federal funding. Many of the projects have already been programmed and solicited for funding in connection with the 2016 renewal of the 1/4-Cent Capital Improvement and 1/8-Cent Transportation sales taxes.
A list of all the planned projects can be found here.
Twenty-two projects and programs from this year’s Capital Improvements Program Plan have been completed at a cost of $41.6 million.