Description
Title: To accept a program of proposed Capital Improvement Projects for the fiscal year beginning Jul. 1, 2026, and for the four fiscal years thereafter; to adopt a Capital Budget for the fiscal year beginning Jul. 1, 2026; and to determine the means of financing the same.
Summary
Ordinance No. 2026-065, introduced on March 11, 2026, outlines the City of Richmond's proposed Capital Improvement Program (CIP) for the fiscal year starting July 1, 2026, and the following four years. The Mayor submitted a plan including estimated costs and funding sources for various projects, which the City Planning Commission reviewed. The CIP aims to enhance infrastructure and public services through projects like improvements to Brown's Island, fire training facilities, and various transportation upgrades. Total funding for the plan is approximately $2.6 billion, sourced from bonds, federal/state funds, and cash. The public hearing is scheduled for March 23, 2026, allowing community input on the proposed budget.