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County OKs $56.8 million in capital projects
by Tribune Staff
Jul 15, 2011 | 404 views | 0 0 comments | 2 2 recommendations | email to a friend | print
RENO — Washoe County commissioners on Tuesday approved a capital improvement project (CIP) five-year project plan, including $56.8 million in capital expenditures for the current fiscal year.

The projects, funded by dedicated funding sources, voter approved initiatives, grants and the general fund will be used for parks construction projects, debt financing, water resources, roads infrastructure preservation, technology projects and building infrastructure preservation. Between July 1 and June 30, 2012, CIP projects will support or retain 403 jobs.

CIP is the investment of roads, technology, parks and buildings that exceed $100,000. By state law, a five-year plan for CIP projects must be approved every year. Over the that last four years, the county has had to significantly reduce its CIP investment due to declining property and sales tax revenues as a result of the economic recession. CIP projects from the general fund were $8.1 million in 2006/2007 fiscal year reduced to $2.65 million in 2011/2012.

Commissioners requested that staff return with additional project details.

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