Budget in Brief FY 24-25

BUDGET IN BRIEF 5

HIGHLIGHTS BY SERVICE AREA

DEBT SERVICE: $47,872,588

LINK TO BUDGET THE CIP IS LINKED TO THE ANNUAL BUDGET IN 3 WAYS CIP projects are linked through annual operating funds, such as the Water Resources Fund

The FY 24-25 adopted budget is increasing by 2.0% or $927,680. Expenditure Overview : Capital Improvements Program (CIP) FY 2025-34 Total: $2,829,789,301. THE CIP A financing and construction plan for projects requiring significant capital investment.

Updated annually, adopted by City Council, and outlines 10-Year project schedules and priorities.

POLICE FACILITY SECURITY CIP projects are linked from ongoing expenses for Operating Costs

Voters authorized $228.4 million in General Obligation Bonds through the 2006, 2008, 2009 Bond Referenda. The 2016 Bond Referenda authorized an additional $126 million.

WEBSTER ROAD STREAMBANK STABILIZATION CIP projects are linked through ongoing Debt Service Expenses

The goal of the Downtown Greenway Phase 4 is to complete a four-mile loop around the heart of downtown Greensboro and connect not only other trails and greenways (including the Ole Asheboro connector), but also businesses, universities, and neighborhoods. Phase 4 will complete the 1-mile western section of the Greenway that will primarily follow existing (not active) railroad tracks between Spring Garden and Smith Streets. The greenway is supported by the City and State through grants and bonds, but also through community organizations and individuals.

HOLDEN ROAD SIDEWALK IMPROVEMENTS

Speaking of links, try this one to track 2016 bond projects

greensboro-nc.gov/bondtracker