How does the Capital Improvements Budget (CIB) differ?
The CIB is a planning document and includes proposed capital expenditures for the ensuing fiscal year and the next five fiscal years thereafter. This budget does not approve funding but approves the priority level of projects to be funded in the future. Is it passed at the same time as the operating budget? No, the Charter requires final passage by the Council not later than June 15th each year. The filing deadline for the CIB is May 15th and a public hearing is also held by the Council on this budget when the enacting legislation is on second reading. Can it be amended during the year if a priority project needs to be added? The Mayor, after a recommendation by the Metropolitan Planning Commission, may submit amendments to the CIB in resolution form to the Council at any time during the year. An affirmative vote by 27 members of Council is required for adoption of amendments.
