Sunday, August 25, 2013

New CCDC Budget For FY 2014: $26 Million

Posted By on Sun, Aug 25, 2013 at 2:00 PM

When the Capital City Development Corporation Board meets Monday, Aug. 26, it will be asked to give its blessing to a Fiscal Year 2014 spending plan for Boise's urban renewal agency that tops $26 million.

That's an 18-percent jump from its Fiscal Year 2013 budget expense of $262 million and a nearly 60-percent jump over Fiscal Year 2012's $16.6 million actual expenses.

In particular, the proposed spending plan would pump more than $1.9 million into CCDC's Central District, incorporating Boise's inner core. Compare that to FY 2013's $283,640 budget and FY 2012's $224,095 budget.

Additionally, $5.2 million is earmarked for CCDC's parking fund in FY 2014. In July, Boise Weekly detailed CCDC's $1.9 million investment to upgrade its downtown parking garages to automation, including ATM-like kiosks, replacing traditional booths. The project, dubbed Parking Access Revenue Control System—or PARCS—is slated to be complete by Spring 2014.

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