The CIP provides a forecast of funds available for capital projects and identifies all planned capital improvement projects and their estimated costs over the six-year period. Allocations are made according to the Operating and CIP Budget Guiding Principles.
The first year's program in the CIP is adopted by the City Council as the Capital Budget, as a counterpart to the annual Operating Budget. Although fiscal resources are appropriated only in the first year of the CIP, the succeeding five years of the CIP are important in providing a longer-term plan for setting spending priorities, scheduling projects in a logical sequence, and coordinating and targeting capital improvement projects for all city departments.
Annual Capital Improvement Program
Recommended 2022-2027 Capital Improvement Program (CIP)
The recommended 2022-2027 CIP is based upon an improved revenue picture as the Boulder economy has shown signs of recovery from the COVID-19 Pandemic. With that, the 2022-2027 CIP has just under $158 million recommended for 2022, and approximately $684 million is recommended for years 2022-2027. It is important to remember that, unlike an operating budget, the capital budget may significantly fluctuate between years due to timing of projects and availability of funding.
The city is spending the majority, about 82%, of its 2022-2027 capital funds on capital maintenance and enhancement of its existing assets. The CIP focuses on taking care of what the city already owns with an emphasis on making improvements to its core service areas. Capital enhancements involve upgrades to existing facilities that may include upgraded technologies, materials, and equipment that can be more efficient, effective and less costly to operate over time.
Several Large 2022 Capital Projects Include:
- Aquatic Facility Enhancements ($1.6M)
- Alpine Balsam Flood Mitigation ($3.0M)
- South Boulder Creek Flood Mitigation ($2M)
- Gregory Creek Flood Mitigation ($3.0M)
- Pavement Management Program ($4.85M)
- 28th Street Multi-modal Enhancements Project ($4.7M)
- Main Sewer Improvements ($44.5M)
Get Involved in the CIP Planning Process
The Capital Improvement Program planning process includes reviews by advisory boards and commissions and public hearings on proposed capital budgets through June of each year.
The Planning Board held a public hearing on July 20, and City Council reviewed the draft on Aug. 8.