$53M in capital projects in FY 2023-24 outlined for Tomball
Published: Wed, 08/23/23
$53M in capital projects in FY 2023-24 outlined for Tomball
Tomball City Council receives a presentation on capital projects during an Aug. 21 budget workshop meeting.
(Lizzy Spangler/Community Impact)
Community Impact
By Lizzy Spangler
Updated
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.
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
- 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.