On Tuesday, Sept. 26, the Blueprint Intergovernmental Agency (IA) is set to approve the final $174 million FY2024 capital budget. The final budget reflects direction provided by the IA Board during three budget workshops on May 11, August 24, and September 21, 2023. Major changes include reducing Airport Gateway funding to $82 million and reducing the Northeast Park funding to $12 million.
The $174 million FY2024 capital budget, details provided below, is focused on the Northeast Gateway ($66M), the Northeast Corridor ($64M) and the Airport Gateway (17M).
The key points from the proposed budget include:
-The Infrastructure program will provide an estimated $304 million to support the local economy through direct expenditures over the next five fiscal years.
-The proposed FY 2024 – 2028 Capital Improvement Program for Blueprint Infrastructure continues the implementation of 32 key community projects across Leon County, funds eight regional mobility, gateway, and placemaking projects, and provides $49.5 million to the City and County for improvements to sidewalks, transit, and water quality.
-Full funding for all existing Office of Economic Vitality programs including funding for the Competitive Project Fund and the Future Opportunity Leveraging Fund.
The agenda item provides for IA Board consideration of the proposed: FY 2024 operating budgets for the Blueprint Intergovernmental Agency, the FY 2024 – 2028 Infrastructure Capital Improvement Program, the FY 2024 – 2028 Office of Economic Vitality Capital Improvement Program, and the proposed FY 2024 Operating and Capital Improvement Program Budget Resolutions.
The public hearing begins at 3:00 p.m. in the City Commission Chambers located in City Hall on the 2nd floor.