A capital improvement project is the building block of the Capital Improvement Program.
Capital improvement projects may include new construction or renovation of recreation centers and libraries, acquisition of parkland, reconstruction of streets, replacement of water and wastewater lines, creation of urban trails, restoration of creek banks, and the purchase of new City vehicles and information technology networks.
Austin voters approved City of Austin Proposition 1 on November 8, 2016, authorizing the City of Austin to issue $720 million in general obligation bonds to fund transportation and mobility improvements.
The City funds its Capital Improvement Program in several ways. One way is through voter-approved General Obligation (GO) bonds. GO bonds give cities a tool to raise funds for capital improvement projects that are otherwise not funded by City revenue, such as roads, bridges, bikeways and urban trails and parks.
The Long-Range CIP Strategic Plan takes a robust, data-driven approach to long-range capital program planning.