Mayor Domenic J. Sarno and Chief Administrative and Financial Officer (CAFO) Timothy Plante announced today, as part of the Sarno Administration’s continuing efforts to develop robust long-term strategic planning initiatives, the city of Springfield’s 2024-2028 Capital Improvement Plan (CIP).
The CIP includes a list of all capital improvement needs throughout the city, 477 in total, and the estimated costs associated with these projects. The estimated cost for all of the 477 requested projects totals $1.3 billion. The highest priority, “Grade A” projects, those that are most highly ranked on the eight evaluative criteria used to analyze projects, and which best support Mayor Sarno’s strategic priorities, total $182 million. These projects include investments in public safety, upgrades to schools and municipal buildings, road resurfacing, citywide public safety interventions, and numerous projects aimed at driving economic development, while improving the safety and the quality of life of the residents of Springfield.
Mayor Sarno states, “My administration has been tested and true through a number of natural and man-made disasters, including the June 2011 tornado, the November 2012 gas explosion, economic recessions, various challenging weather events, and most recently the COVID-19 pandemic. Throughout it all, my administration has guided our Springfield through these surreal and challenging times, and for the better. From stabilizing our city’s financial health through smart and sustainable fiscal management, we have built a strategic and well-thought-out plan to enhance the quality of life for our residents and business community. My administration is committed to advancing our Capital Improvement Plan for the betterment of all our residents throughout the city. Our strategic planning and careful analysis of resources has allowed the city to take a transformative approach and make strategic investments for over a decade. These same guiding principals have left Springfield well prepared to weather any possible economic downturn or uncertainty, and to address our capital needs in a way that is fiscally responsible and sustainable.”
CAFO TJ Plante stated, “Under Mayor Sarno’s leadership and sound fiscal management policies, Springfield continues to be in a positive position to advance a diverse and comprehensive Capital Improvement Plan while leverage funds from outside agencies to fund high priority projects identified in the CIP. The city of Springfield has also been able to maintain its ‘AA-’ credit rating from Standard and Poor’s (S&P), which was reaffirmed in March 2022, while also maintaining a healthy stabilization reserve of almost $50.4 million.”
The city of Springfield has taken a transformative approach to upgrading and modernizing the city’s aging infrastructure and facilities, expanding the city’s economic base, and helping to enhance the city’s diverse and vibrant neighborhoods. This Capital Improvement Plan is the city’s investment roadmap for the next five years and will be strategically implemented to enhance the quality of life for Springfield’s residents, and a more efficient and effective government.
The chart below shows the breakdown of the 477 projects submitted by city departments with the total estimated project cost by priority.
Click below to view the
FY 2024-28 CAPITAL IMPROVEMENT PLAN AND
for a full list of project descriptions.
Visit the Office of Admin & Finance: Administration & Finance page for Capital Improvement Plans from previous years.