The Boise City Council will be asked to adopt what city officials call "a financial strategy" this Tuesday, May 13, when they prioritize capital projects and expenses in anticipation of this summer's Fiscal Year 2015 budget process.
But, as usual, there are a lot more projects on the initial wish list than there is projected revenue. Which means the council will need to consider whether they're inclined to boost revenues through internally financed debt or sell some of the city's assets.
Some of the must-haves include major equipment purchases: a $470,000 new water tender for the fire department, $110,000 for a new zamboni for the parks department, $141,000 for new inspector vehicles for the planning and development department, and a whopping $1.4 million for new police vehicles.
But the wish list (meaning these, to date, are unfunded items) remains a grand ambition: $8.5 million for the long-delayed branch library in Bown Crossing, $2.7 million for a remodel of fire station No. 4, $1.1 million for a remodel of fire station No. 9, $10 million for more open space acquisition, and $2.2 million to construct a new pool in South Boise.
The capital project prioritization discussion will be part of a council work session Tuesday, May 13, at 3:30 p.m