FY 23-24 Budget in Brief

BUDGET IN BRIEF 5

HIGHLIGHTS BY SERVICE AREA

DEBT SERVICE: $46,944,908 The FY 23-24 adopted budget is increasing by 11.2% or $4,743,251. This includes a $1.3 million increase for planned bond issuances from the 2022 referendum. Expenditure Overview : Capital Improvements Program (CIP) FY 2024-33 Total: $2,066,258,329. THE CIP A financing and construction plan for projects requiring significant capital investment.

LINK TO BUDGET THE CIP IS LINKED TO THE ANNUAL BUDGET IN 3 WAYS 1. A nnual operating funds, such as the W ater Resources Fund 2. Ongoing expenses for Operating Costs 3. Ongoing Debt Service Expenses

Updated annually, adopted by City Council, and outlines 10-Year project schedules and priorities Voters authorized the 2016 and 2022 b ond r eferenda, totaling $261 million.

CIP Project Highlights

GREENSBORO FIRE STATION 08

DAVIE STREET STREETSCAPE

The goal of the Windsor Chavis Nocho Community Complex is to create an environment that is made to promote economic development opportunities and job creation. Chavis and Windsor are both older facilities that need renovations. The project combines Windsor Recreation Center and Chavis Library on park grounds. This allows for the Library Department and Parks and Recreation Department to increase the number of programs offered to the Greensboro community. The joint facility will include a library, pool, recreation space, education space, and health services.

OLE ASHEBORO REDEVELOPMENT

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

greensboro-nc.gov/bondtracker