Throughout the year, the City of Irving Capital Improvement Program, Parks and Recreation, Transportation, and Water Utilities departments work tirelessly to keep parks manicured, infrastructure up-to-date and streets safe for residents. Oftentimes, the routine maintenance is overlooked, but a new year brings a fresh perspective. With that in mind, Irving residents are encouraged to keep an eye out for construction and improvement projects.
What Is In Store for 2017?
Investing in Irving’s Future
Irving has officially launched its Road to the Future, $100 Million in 5 Years program, which will include road reconstruction and rehabilitation across the entire city.
Resident surveys have consistently shown that road maintenance and improvement is the highest ranked priority throughout the city. In response, the current Five-Year Capital Improvement Plan (CIP) incorporates the proposed Long-Term Financial Plan recommendation to dedicate revenues equivalent to one cent of the property tax rate to street projects. In addition, the growth in taxable values has created additional capacity to issue bonds. With this in mind, city staff continues to develop plans to achieve the goal of investing $100 million in street improvements over five years. The Fiscal Year (FY) 2016-17 CIP plan includes $1.1 million in pay-as-you-go capital funding for street rehabilitation. This will increase to $2.2 million in FY 2017-18 and also will allow for the capacity to sell an additional $22.5 million in debt for street reconstruction and rehabilitation.
For more information, including the Road to the Future presentation, visit CityofIrving.org/CivicAlerts.aspx?AID=2800.