Officials with the city of McKinney, Texas, have announced the approval of a new budget for fiscal year (FY) 2025 through 2026. The nearly $1 billion budget will invest $327.7 million in capital improvement program (CIP) projects.
The city’s upcoming CIP covers the first segment of its adopted five-year capital plan, allocating an estimated $2.2 billion to support critical infrastructure, public safety and transportation initiatives through FY 2030. For FY 2025-2026, departments receiving funding to advance and complete projects include:
Water – $166.7 million.
Streets – $89.2 million.
Parks – $23.3 million.
Facilities – $20.1 million.
Wastewater – $11.5 million.
Public Safety Improvements – $9.6 million.
Traffic – $5.1 million.
Technology Improvements – $2.2 million.
Further details regarding projects included in the CIP will be revealed as they are implemented. Here is a selection of the higher value projects receiving additional financial support from the city throughout the coming year.
Water improvement projects:
US 380 Utility Relocations – $144 million.
Stonebridge 30” Water Line – 920PP – $21.6 million.
5th Take Point ‐ 920PP – $10.2 million.
SP 399 Utility Relocations – $6 million.
Street infrastructure projects:
Lower 5 Plaza – $26.3 million.
Laud Howell Parkway Bridge ‐ Honey Creek – $18.5 million.
Wilmeth Road Extension – $8.2
Parks projects:
Towne Lake District ‐ Wilson Creek Parkway to Eldorado – $11.3 million.
Old Settler’s Park and Aquatic Renovation – $3.8 million.
Erwin Park Improvements – $3 million.
Facility projects:
Public Works Complex ‐ College Street Service Center Campus – $20.1 million.
Wastewater improvement projects:
Public Works Wastewater Small Diameter Main Improvements – $3 million.
Wastewater Large Diameter Main CIPP Lining – $3 million.
Public safety improvement projects:
Public Safety Phase 6 Expansion and Renovations – $5.3 million.
Driver Training Pad – $4 million.
Traffic improvement projects:
SH5 Illumination (Fairview ‐ Powerhouse Street) – $2.1 million.
ITS Upgrades & Signal Fiber Connections – $1.3 million.
Pavement Marking Maintenance FY24 and FY25 – $1.2 million.
Technology improvement projects:
Core Network Switch Replacement – $1.3 million.
City officials will provide additional information and updates on the CIP and planned projects in the future.
Photo by Rick Ray, CC BY 2.0 <https://creativecommons.org/licenses/by/2.0>, from Wikimedia Commons
The post McKinney allocates $327.7M for capital projects appeared first on Government Market News.