Transportation Bond Implementation Update$file/20230509TRANSBondUpdateStaffPresentation.pdf

  • Cost drivers impacting schedules and costs include real estate market, labor market, materials market – all of which are very challenging
  • Significant budget gaps
  • Targeting Fall 2024 Referendum
  • Councilor Black raises concerns and questions from schools on Six Forks Road about improvement projects
  • Councilor Melton advocates a big future transportation bond because of all the delayed and deferred projects as a result of rising costs

Parks Bond Implementation Recommendations$file/20230509PRCR2022ParksBondRollOutStaffPresentation.pdf

  • 80% of 2014 Parks bond projects ($91.75M) are complete
  • 2022 Parks Bond was approved by 73.24% — 23 projects — $275M
  • Targeting partnerships to help with costs ($21M funding gap)
  • Property Tax increase starts in FY24 budget (4 pennies per $100 assessed property tax value)
  • Funds must be spent by November 2029
  • Managers proposed budget next Tuesday will include a tax increase

City Manager announced new HR Director and new Communications Director have been hired.