FY21-FY26 Draft Capital Investment Plan by Jackie Piques

 

New post on City of Medford

FY21-FY26 Draft Capital Investment Plan by Jackie Piques On February 24, 2021, Mayor Breanna Lungo-Koehn released a draft of the City’s first-ever comprehensive 6-year Capital Investment Plan (CIP). Created through an intensive multi-departmental effort and led by a team at the Edward J. Collins, Jr. Center for Public Management at UMass Boston, the CIP for proposes a 6-year investment plan for prioritizing roadway quality, parks and open spaces, fleet and infrastructure investments and management, and modern water and wastewater infrastructure. The multi-departmental effort included both the City administration and the Medford Public Schools. To view a video of the February 24th presentation given by the Mayor and staff from the Collins Center, visit this link: CIP Presentation Video: February 24, 2021 Access Passcode: =P0*akr8 The full CIP is available at www.medfordma.org/wp-content/uploads/2021/02/FINAL-Medford-FY2021-FY2026-CIP-1.pdf The CIP identifies capital needs and targeted investments of more than $107.6 million in 123 projects, across both City and Schools operations. The plan also identifies potential funding sources, including tax levy, local indebtedness, Enterprise Fund revenues, and State and other grant programs that can be used as a roadmap for years to come as the plan is implemented. This plan will change as the city changes and will be reviewed and updated each year to reflect the changing needs of the Medford community, the financial situation of the city, and the always present need to deliver high quality service to residents. The release of the City’s draft CIP follows a year-long effort, made possible by a $30,000 Community Compact Grant from the State, applied for and attained by Mayor Lungo-Koehn in January 2020 shortly after taking office. Planning began in March 2020. Jackie Piques | February 25, 2021 at 5:39 pm | Categories: Uncategorized | URL: https://www.medfordma.org/?p=21479

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