Ohio Pen - Mayor Ginther Sends 2023 Capital Budget to Columbus City Council

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~ Mayor Andrew J. Ginther has proposed a $1.74 billion investment in public safety and critical neighborhood infrastructure for the 2023 Capital Budget. This budget includes $1.1 billion in new funding dedicated to building safe, resilient communities and to promoting the health, well-being and economic stability of Columbus residents – the pillars of the mayor's equity agenda: Opportunity Rising.

The mayor stated, "Our capital budget reflects our top priorities – public safety, affordability and the neighborhood infrastructure that is the backbone of our community. This includes new crime-fighting tools and technology, a new police substation, a new fire station and fire apparatus, affordable housing units, historic street resurfacing and more."

Highlights of the 2023 Capital Budget include $5 million in ATF safety funding to track illegal crime guns; $10 million for fire apparatus; $23 million for a new Hilltop police substation and Northside fire station; $50 million to increase the number of new and rehabbed affordable housing units; $37 million in street resurfacing; $25 million in roadway and intersection improvements; and $14 million for pedestrian safety and bikeway projects.

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Kathy Owens, director of finance and management said, "The size and scope of our capital budget reflects the strength of our financial position, our fiscal discipline, and our stewardship of taxpayer dollars. Through careful planning, maintaining proper reserves and through our focused efforts to create jobs that produce income tax revenue, we've maintained the highest credit rating possible. That means we can invest more in neighborhoods at a lower cost to taxpayers."

Columbus City Council will hold public hearings on June 6th at 6 p.m., June 7th at 6 p.m., as well as a virtual hearing on June 13th at 4 p.m., to discuss Mayor Ginther's proposal for the 2023 Capital Budget which is established based on funds from bond sales and loans, through the Special Income Tax (SIT) or by Department of Public Utilities (or Enterprise Fund).

Filed Under: Government, City

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