Title
Board of Supervisors Policy for General Fund Pay-As-You-Go Capital Improvement Funding
Staff recommends approval of the following:
1. Adopt Policy Number D22.12, General Fund Capital Improvement Fund Pay-As-You-Go Program. The policy as written will provide sufficient revenues to:
a. Fix our roads in 10 years;
b. Provide additional funding for other General Fund capital improvement projects as approved by the Board;
c. Reduce taxes spent on debt interest payments; and
d. Reduce the combined County property tax rate.
2. Allocate an additional $10 million in FY 2018/19 ending fund balance to be distributed equally by Supervisory district for repair of local roads. Such an allocation will increase the FY 2019/20 road repair funding from $26 million to $36 million. A list of roads to be repaired using this additional $10 million will be generated by the Department of Transportation using the already adopted FY 2019/20 Pima County Transportation Advisory Committee criteria for local roads, which focused on fixing failed roads first.