$53M in capital projects in FY 2023-24 outlined for Tomball

Tomball city officials are proposing $53 million in capital projects during fiscal year 2023-24, according to an Aug. 21 budget workshop presentation.

In a nutshell

In a presentation during the Aug. 21 budget workshop, city staff proposed spending $53 million on capital projects in FY 2023-24, paid for in part by $28 million in certificates of obligation—a way to borrow money—to fund various capital projects, City Manager David Esquivel said.

Zooming in

According to the FY 2024-28 proposed capital improvement plan, some of the projects proposed in the upcoming fiscal year include:

• Phase 1 of the alley improvement project
• Louie’s Together Playground, an inclusive playground that will be located at Juergens Park
• Matheson Park improvements
• Grand Parkway elevated storage tank
• The reconstruction of FM 2920

According to the budget presentation, the projects that would be funded with the $28 million of certificates of obligation include:

• North Sycamore Street parking: $1.5 million
• Baker Drive water plant: $4.6 million
• FM 2920 lift station consolidation: $4.8 million
• South wastewater treatment plant expansion: $16.97 million

Quote of note

“Now that we look at the number of projects we have, the cost of all these projects, we really need to take a multiyear look at—how do we manage our capital needs?” Esquivel said. “We’re setting up the capital projects fund in more of a multiyear strategy.”

Stay tuned

Tomball City Council will hold a public hearing on its FY 2023-24 budget on Sept. 5, according to the Aug. 21 regular meeting agenda.

View the proposed FY 2024-28 capital improvement plan below.