A capital projects budget expected to be 41 percent larger than last year’s includes money for a parking garage for the Tennessee Valley Authority, a marina off Ross’s Landing and paving for deteriorating streets.
The budget presented Tuesday is about $69 million, more than $20 million higher than last year’s $48.8 million budget.
PDF: Capital Improvements Plan
Daisy Madison, the city’s chief financial officer, said the budget is larger because of $10 million in additional funds for stormwater projects and $13 million to build a parking garage for TVA. The garage was promised to the utility to keep it downtown.
Council members spent several hours Tuesday looking at the budget, and most asked questions about specific items.