CAPITAL INVESTMENT PROGRAM
The Town Administrator and staff develop a six-year Capital Investment Program. The document is then presented to the Board of Mayor and Aldermen for review and input. The manager for each project ensures that all phases are completed on schedule. Staff members meet monthly for project and timeline updates.
The Town’s FY24 Capital Investment Program (CIP) is $17,592,500. The CIP budget emphasizes continuous investment in the design and construction of capital projects and major infrastructure. Some focus areas are the purchase of land for expansion of our parks, park enhancements, road improvements and new pedestrian connections – all essential to future growth and development.
The largest funding source for FY24 is a transfer of $7.5 million from the General Fund balance for various projects in FY24 and beyond.
CIP Projects completed in FY23
Virtue Road improvements and walk trail
Lane reassignments at Campbell Station Road
Stamped crosswalks at Campell Station Road and Kingston Pike
A new bike trail at McFee Park