The Plan proposes funding the majority of the City’s ongoing annual needs with General Fund dollars through the Pay-As-You-Go (Pay-Go) Program. These are typically smaller investments to maintain facilities and infrastructure in a state of good repair or fund critical infrastructure needs. Within the Pay-Go Program, projects are categorized as Routine Maintenance, ADA Facilities, ADA Public Right-of-Way, Street Resurfacing, Critical Enhancements, Facility Renewal, and Right-of-Way Infrastructure Renewal.
Table 1.3 provides a summary of the Plan’s planned funding for the Pay-Go Program by expenditure category. The planned investment over 10 years is $1.2 billion. This level is $1 billion lower than the previous Plan funding level due to budget impacts in the early years resulting from the COVID-19 pandemic. Some of this loss in revenue is made up by Certificate of Participation (COP) investments described on the following pages.
|Pay-Go Program Funding||FY22-26||FY27-31||Plan Total|
|(Dollars in Millions)|
|ADA: Public Right-of-Way||23||33||56|
|Recreation and Parks Base Commitment||72||72||144|
|Capital Contribution to Street Tree Set-aside||31||39||70|
|ROW Infrastructure Renewal||10||40||50|
|Total Projected Funding||384||813||1,197|