Paving the way for a brighter future, the City of Portage 2024-2030 Capital Improvement Program is available on the city’s website and can be found at stories.opengov.com/portagemi/published/MJLTvWMiWD. The 2024-2030 CIP proposes $18.4 million in projects in FY 2024-2025 and $191.4 million over the six-year plan. The city is keenly aware that local and national economic conditions remain in flux. As such, FY 2025-2026 and 2026-2027 should be considered a forecast while FY 2027-2028, 2028-2029, and 2029-2030 are projections. The 2024-2025 CIP also includes $4.6 million in debt service expenses.
The Capital Improvement Program serves as the city’s multi-year planning instrument used to identify needs and financing sources for public infrastructure improvements. The purpose of the CIP is to facilitate the orderly forecasting of infrastructure improvements; maintain, preserve, and protect the city’s existing infrastructure system; provide for the purchase or scheduled replacement of equipment; and allocate funding sources. The CIP is intended to reflect a consensus of community needs, based on surveys and planning initiatives, the adopted goals and objectives of the City Council, and the previous CIP budget and plan, and takes into consideration new information to meet the ever-changing needs and priorities of our community.
The recommended FY 2024-2025 CIP budget and six-year program represent continued investment in the community as we deliver municipal services efficiently and consistent with the city’s short- and long-term needs. Investment and reinvestment in municipal services are critical to the city’s ongoing efforts to sustain and enhance the local economy, improve the quality of life for residents and business owners alike, and ensure Portage remains A Natural Place to Move!