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 sent out an email about city of Fort Worth, Texas, latest capital plan. Here are its contents:
In the Capital Improvement Plan for its 2022-2026 fiscal years, the City of Fort Worth, Texas, detailed plans to spend $1.9 billion on capital projects, which is an increase of 6.8% from nearly $1.8 billion in its 2021-2025 CIP. The table below breaks down City of Fort Worth’s planned capital spending by business area (BA) for its last two CIPs.
Water Capital Projects Increase, Transportation Decreases
In this period, Property Management BA has seen the most considerable increase in the allocation, $95.3 million, which is 164.5% higher than the previous budget of $36 million. In terms of the total budget, the biggest allocation is in the Water Business Area, $1 billion, or 11.1% more than the previous budget of $962.9 million. Despite a slight decline of 5.5% in allocation for the business area of Transportation and Public Works, from $377.4 million to $356.7 million, it is the second highest in the plan.
Strong Increase in Capital Project Size
City of Fort Worth’s current CIP contains 142 projects in total. Out of those, 6 are valued at more than $100 million, and 14 projects are valued at more than $25 million. Note that last year all individual projects were less than $25 million. With the Water Business Area being the largest one, it’s not a surprise that the project with the highest value is a $227 million Water Sewer Program – Streets project. This project provides for the replacement of water and sewer lines that are old and/or have a high maintenance record in streets that are scheduled for reconstruction. The City of Fort Worth is also planning to spend $190.9 million on the Wastewater Treatment Plants project, and $168 million on Wastewater Collectors project in the next 5 years.
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.