FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by City of North Port, Florida. Here are our observations.
In the CIP for the 2025-2029 fiscal years, North Port outlined plans to allocate $199 million for capital projects, marking a 33% increase from the $150 million allocated in the 2024-2028 CIP. This year's CIP includes 157 items, up from 137 in the previous plan. The table below provides a breakdown of the City of North Port's capital budget spending by business area for the last two CIPs.
*Numbers are Rounded
Capital budget allocations for the Road & Drainage category have increased by 80%, primarily due to additional funding for each project. Meanwhile, the Police Department's budget saw a 134% increase, driven by the inclusion of a new project, the VMware Storage Server, with $550,000 in funding.
The City of North Port, Florida, includes two major line items valued at $20 million in its CIP. The largest allocation is the $24 million designated for the Road Rehabilitation Program under the Road & Drainage category, which covers annual resurfacing, surface rejuvenation, micro-surfacing, crack sealing, and striping of public roads. The other key line item includes the Neighborhood Water/Wastewater Line Extensions, valued at $20 million, under the Water & Sewer Utilities category. This project aims to extend water and wastewater services to residents throughout the city in a methodical, cost-effective manner, maximizing efficiency while minimizing costs.
FirmoGraphs curates data about U.S. public sector markets, including transportation improvement programs, regulatory developments, and other critical information. We help our customers use this information to gain a 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 improvement programs and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.