FirmoGraphs keeps our clients up to date on capital plans that may contain leads for them. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed city of Arlington, Texas, latest capital spending plan. Here are the insights we observed.
In the CIP covering the 2021-2025 fiscal years, Arlington detailed plans to spend $476 million on capital projects, a decrease of 8% from nearly $518.6 million in its 2020-2024 CIP. The current CIP has 66 discrete projects, compared to 102 projects in the prior CIP. The table below breaks down the City of Arlington's planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Parks & Recreation and Public Works & Transportation Spending Decreases
The City of Arlington's planned spending in Parks and Recreation was reduced by 29% to $59.2 million from its prior CIP 2020-2024. This was due to a $25 Million Indoor Sports Center Project completed. Funds under the Public Works and Transportation have also been trimmed by 13% to $140.8 million. Planned spending in Stormwater Utility has seen a $13 million increase, 22% of the previous period, mainly for the annual localized drainage projects.
Four Projects Valued at More Than $25 Million
The current CIP contains 66 projects with four projects valued at more than $25 million. These include two projects under Water Utilities Area: Water Treatment and Water and Sewer Main having an allocation of $54.5 million and $48.5 million, respectively. The other two are the Active Adult Center and Residential Rebuild Program.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including capital plans, regulatory developments, and other critical information. We help our customers use this information to gain competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in capital plans and other publicly available documents. Feel free to request a meeting and review the data live in our Business Intelligence platform.