Austin Officials Planning $5.7B In Capital Improvements Over 5 Years

City of Austin officials say they plan to spend $5.7 billion on capital projects over the next five years.

Eighty percent of the funding for these projects is voter-approved debt from 2016 and 2018 bond elections. About $352 million is non-voter approved debt.

Projects slated for the city’s capital improvement plan in this five-year timeframe include mobility and corridor improvements, low-income housing developments, and public safety initiatives such as new police or fire stations and flood buyouts of at-risk homes.

Austin’s water, electric, convention center, resource recovery, and aviation projects are expected to account for $3.5 billion of the $5.7 billion total.

Source: Strategic Partnerships