Charlottesville Council discusses capital budget at Feb. 3 work session
Later on today, the Charlottesville Planning Commission will meet with the Charlottesville Planning Commission to discuss the Capital Improvement Program (CIP) for the next fiscal year which begins on July 1, 2021. Last week, Council discussed the proposed $160 million CIP for the next five years. When they adopt a budget in April, Council will only approve actual funding for FY22 but looking ahead to the full five-year period helps give budget planners perspective about what capacity the city has incur more debt to cover capital projects.
“If you look at sort of a ten year history, you will see that in 2012 our CIP was at $80 million,” said Krissy Hammill, a senior budget analyst with the city. “It ebbed and flowed until about 2017 but we still hovered around the $80 million mark. Since 2018, the CIP from 2017 to now, this draft, our five-year CIP has basically doubled.”
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