Summary
The Capital Budget Fact Sheet details Philadelphia’s planned investments in infrastructure, public facilities, and large-scale projects, committing $8.3 billion over six years for non-enterprise funds, with major allocations for transit ($3.4 billion) and the Streets Department ($2.2 billion). The Capital Budget grew by 43% from FY14 to FY24, driven by increased borrowing and federal funding for infrastructure. The report also highlights the re-establishment of the Capital Program Office to centralize management of capital projects and new reporting requirements for spending and encumbrances starting in FY25. The report outlines the funding sources for capital projects, including General Obligation (GO) bonds, federal and state funds, and revenue from enterprise agencies like the Water and Aviation departments. The FY25-30 Capital Program emphasizes strategic investments to improve public spaces, transportation infrastructure, and city facilities while addressing long-term maintenance needs. New transparency measures, including quarterly reporting on capital spending, will improve oversight of capital expenditures.