March 30, 2018
The heaviest spending to overhaul the city’s four Combined Sewer Outfalls (CSOs) is slated to occur FY22-23, with expenditures in each year exceeding $100 million. Similarly, $259 million (over half) of the school system’s CIP spending will occur FY21-23. Among other capital expenses, those years contain three major construction projects: additional high school capacity, swing capacity/new future school, rebuilding Douglas MacArthur Elementary School.
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A Penny Borrowed in Alexandria
City to expand borrowing for capital needs, but mindful of credit rating, other impacts.
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