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 Orange County, Florida, latest capital spending plan. Here are the insights we observed.
In the CIP covering the 2022-2026 fiscal years, Orange County detailed plans to spend $2,554.9 million on capital projects, an increase of 13% from $2,260 million in its 2021-2025 CIP. The current CIP has 462 discrete projects, compared to 401 projects in the prior CIP. The table below breaks down Orange County’s planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Various Areas Increased Spending Significantly
Planned spending in Planning, Environmental, and Development will increase to $124.3 million, a nearly 200 time increase from the prior period, due to Environmentally Sensitive Land Acquisitions worth $100 million. The project will close gaps between existing observation lands, assist in creating wildlife corridors, and provide water quality benefits. The Utilities category also raises its capital by $70 million because the Water and Water Reclamation area increased its spending on its new and significant projects. Both Convention Center and Fire Rescue Areas also increased spending by $20 million due to the improvement of the Convention Center, fire stations, and training facility.
Four Projects Valued at More than $100 Million
Orange County’s current CIP has four projects valued at more than $100 million and 21 projects valued at more than $25 million. The largest project comes from Public Works, called Rehabilitation of Existing Roadways Countrywide project, worth $155 million. Of note, Public Works is the second biggest business area in the current CIP, increasing 5.8% compared to the previous CIP. The other projects are the $122 million Improvement of the Convention Center, $101 million Phase V of the South Water Reclamation Facility, and $100 million Environmental Sensitive Land Acquisitions.
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.