The proposed 2020 to 2024 Capital Improvement Program (CIP) for the City of Fairfield, submitted in accordance with Article VI, Section 6.02 (A)(6) of the Fairfield City Charter. This program provides City Council with a comprehensive plan of capital improvements that are being considered by the City over the next 5-years. Cost estimates, financing methods, and recommended time schedules for the improvements are included in the program and are referenced by individual project.
2020 - 2024 Capital Improvement Program
The 2020-2024 Capital Improvement Program continues the City’s strategic approach to capital investment. Prudent fiscal policy and investment strategy has allowed the City to continue this comprehensive program in order to continually address the needs of the City. The original budget for 2020 totals was $15,139,880. This amount was reduced to $11,064,530 as a result of the Coronavirus pandemic. The five (5) year Capital Improvement Program lists $90,014,831 in projects planned through calendar year 2024, with 68% or $61,262,523 anticipated from City funds and 32% or $28,752,309 anticipated from outside funding, such as grants or debt.
Funding for the Capital Improvement Program comes from a variety of sources, including the General, Capital Improvement, Street Improvement, Downtown Development, Water and Sewer funds, (among others) as well as outside funding sources.