Montgomery County prepares a five year Capital Improvement Program (CIP) in conjunction with the annual budget process. The CIP incorporates the goals of “The Comprehensive Plan for Montgomery County” (Montco 2040: A Shared Vision) and identifies projected expenditures and revenue sources for each project.
The capital planning process commences in June when departments are required to update current capital projects and identify new capital project needs. Departmental capital requests are collaboratively evaluated by Senior Management, the County's Budget Team and reviewed with staff from Assets and Infrastructure, Commerce, Information Technology Solutions, Judicial, Planning Commission, Public Safety and other County departments.
Funding requests are evaluated and prioritized using criteria that include the relationship to the Montco 2040: A Shared Vision Comprehensive Plan, completion of projects included in the prior year's CIP and already underway and mandated improvements to County infrastructure.
After prioritization, projects are balanced against available funds and presented to the Board of Commissioners (BOC) for consideration in the Proposed CIP 2020 – 2024. In accordance with State law and the County code, the BOC holds a public hearing and adopts a capital budget for the upcoming fiscal year (2020) and a capital plan for the five year period (2020 – 2024) by December 31, 2019.
The capital budget is appropriated on an annual basis and is included in the adopted 2020 budget. The 2020 capital projected expenditures for the County government are $121.1 million. Funding sources for County projects include Capital Fund bond proceeds ($84.7 million), Federal and State Grants ($24.6 million), Motor Vehicle Registration Fund bond proceeds ($11.5 million) and Other Revenue Sources ($0.3 million).
In 2017, the County implemented a new Motor Vehicle Registration (MVR) Fee providing approximately $3.4 million of annual revenue. This source of revenue affords the funding that has been specifically allocated to County road and bridge capital improvements and the Transportation Improvement Program. Funding sources for County projects include Capital Fund bond proceeds ($84.7 million), Federal and State Grants ($24.6 million), Motor Vehicle Registration Fund bond proceeds ($11.5 million) and Other Revenue Sources ($0.3 million).The long-term (2020 – 2024) projected costs for road and bridge projects is $89.5 million, of which $40.3 million will be funded by the MVR Fund bond proceeds.
- Collaboration among stakeholders
- Improved transportation choices
- Trails and greenways connecting multiple places
- Vibrant downtowns and destinations accessible by everyone
- Modernized infrastructure network
- Improved stormwater management
- Protected natural resources
- Opportunities for healthy lifestyles
- Diverse housing choices
- Enhanced community character
- Improved transportation access
- Focused development
- Attraction and retention of businesses
- Flexibly adapting to changing market conditions
- Marketing of assets