Mayor Horrigan Presents 2023 Capital Budget To City Council
Yesterday, Akron Mayor Dan Horrigan presented Akron City Council with next year’s proposed Capital Budget. The 2023 Capital Budget emphasizes Mayor Horrigan's commitment to neighborhood infrastructure with parks and community centers receiving 13% of the overall budget at $47M. Read the full proposed budget here.
While the City’s operating budget outlines spending on City services and operating expenses, the capital budget outlines investments in the City’s physical infrastructure.
The budget includes $158.5 million in state funding and $80.4 million in federal monies. Local funds of $105 million include $15 million expected to be generated this year by the Safety and Streets income tax increase passed in 2017. These Safety and Streets funds are used exclusively to invest in improvements to police, fire, and roadways in Akron. (A full 2023 Safety and Streets budget is available here.)
“The proposed 2023 capital budget follows through on a number of the great programs and projects we've been working towards such as the Lock 3 and Summit Lake Vision Plans and upgrading our pools and community centers," said Mayor Horrigan. "It also emphasizes much-needed infrastructure improvements like replacing 85,000 aging water meters with new technology and beginning construction on the E. Exchange Complete Street project."
Highlights of the 2023 City of Akron Capital Budget include:
Ongoing design and construction of new pools and renovation of bathhouses at Perkins Woods Pool and Reservoir Pool
Ongoing design and renovation work at Ed Davis, Reservoir, and Patterson Park Community Centers. Renovation to begin in January 2023 at Ed Davis Community Center, the project is currently out for bids
Lock 3 Vision Plan - Reinvestment in Lock 3 in accordance with master plan prepared as part of Akron Civic Commons. Renovation to begin first quarter 2023
Summit Lake Vision Plan - Improvements as part of the Akron Civic Commons. Phase 1 construction of the Ohio and Erie Canal Summit Lake Trail will start this fall, followed by construction of the North Shore Activity Area in 2023
Ongoing partnership with KaBoom! to address play space inequity
Lead Service Line Replacement Program 2023 - $10,000,000 - replacement of lead service lines between the water main and customer's property line, and reduce the number of homes served through lead services
Fixed Network Advanced Metering Infrastructure (AMI) System- $19.5M - Install and implement 85,000 water meters
Equipment Investment in Service and Public Safety – Fire Engine 13
Assistance to emergency shelters
Construction of Fire Station 12
Continued investment in our neighborhoods through Revitalization and Sustainability Program for housing rehabilitation
Continued investment in our neighborhood business districts through Great Streets Akron
Continued support of the Bounce Innovation Hub Expansion
Begin construction of E. Exchange Complete Street project