The City of Dallas Capital Improvement Program (CIP) addresses the growing needs of the City and enhances the quality of life through major public improvement projects.
Links of Interest:
Bond Sale by Council District
Bond Sale by Proposition
The CIP is comprised of both general-purpose and enterprise projects:
The general-purpose program provides improvements to and/or construction of the City's street system; parks and recreational facilities; police and fire protection facilities; flood protection and storm drainage systems; various city facilities; cultural facilities; and improvements to stimulate economic growth.
General Obligation bonds are the primary funding source for the general-purpose capital program. The City has developed a new 2003 General Obligation Bond Program for voter consideration May 3, 2003. The current 1998 General Obligation bond program was approved by voters in May 1998 and totals $543.5 million. A four-year implementation schedule was planned for all propositions with the exception of the Trinity River Corridor Proposition, which is scheduled to be implemented over a ten-year period. General-purpose capital improvements are also financed from sources such as TIF District tax increment payments, interest earnings and assessments, and the General Capital Reserve program.
The enterprise program consists of improvements to and/or construction of water and wastewater systems, venues for convention activities, and air transportation facilities.
The enterprise capital improvement programs of aviation, convention center, and water utilities are self-supporting and use revenues from operations to fund their capital improvement projects. Additionally, enterprise departments are able to issue debt such as revenue bonds and commercial paper to fund their capital improvement programs.
Other Links of Interest:
2002-2003 City of Dallas Adopted Budget
Public Works & Transportation Capital Improvement Program Construction Status Report