Georgetown City Council included millions of dollars in its fiscal year 2017-18 budget for construction projects referred to by municipal planners as capital improvement projects and contained within the city’s most recent capital improvement plan.
In general, Georgetown defines its capital improvement projects as those that involve the city’s high-dollar fixed assets, which essentially means any long-term property that might produce income and is not expected to be sold or otherwise converted into cash in the near future.
Capital improvement planning is tied to Georgetown’s budget process. Each year city officials update and adopt a five-year capital improvement plan that identifies projects in need of funding and attention. City staff provides input and ideas related to proposed improvements from each city department with consideration to how a particular improvement might affect municipal operations. The need for a particular capital improvement is based on system models, maintenance history and growth, according to the city.