Today, Mayor Rhodes-Conway released her 2023 Executive Capital Budget PDF and 6-Year Capital Improvement Plan (CIP), which detail her funding proposals for buildings, infrastructure and other capital investments in Madison. The Capital Budget is one major piece of the City’s budget. In a month, she will introduce her 2023 Executive Operating Budget, which focuses on services, staffing and programs. (See included links for the full capital budget, summary and project map.)
“Infrastructure investments are not just about bricks and mortar, they are a reflection of our values. This budget puts our money where our values are, building a better Madison that will be strong, resilient and ready for the many challenges ahead of us,” said Mayor Rhodes-Conway.
In this year’s capital budget, the Mayor increases City investments in affordable housing; funds infrastructure projects geared toward helping our City take action on climate change and build climate resiliency; and makes important investments across the City to build strong neighborhoods.
BUILDING AFFORDABLE HOUSING
With the population growth Madison continues to see, it will take a strong, sustained investment to meet the housing needs of our community.
BUILDING A RESILIENT CITY
It is becoming increasingly clear that dramatic climate action is needed to ameliorate the worst impacts of the climate crisis. It may not be glamorous, but the repair and reconstruction of streets, bridges, water wells, sewers and stormwater systems is the backbone of creating a strong and resilient city.
BUILDING STRONG NEIGHBORHOODS
This budget reflects the fact that building and supporting strong neighborhoods is a critical component of City activities. It continues investing in parks, playground improvements, libraries, sidewalks, crosswalks, bikeways and small businesses that strengthen our neighborhoods. In addition, the Mayor is strategically prioritizing some investments based on local need and opportunities, and that help advance equity.
The budget also continues to invest in programs for affordable and equitable business access across our City, with $4.5 million in continued support for the Small Business and Equitable Recovery program, building improvement grants, and the Commercial Building Ownership program.
At every turn, the City seeks to leverage local dollars with state and federal funds. Madison is fortunate to have the strong support of the Biden and Evers administrations, with direct support in the federal budget, other major spending bills, and American Rescue Plan Act allocations.
“My goal with this budget is to build a beautiful city, a place that people are proud to call home. My goal with this budget is to build an affordable city, so that people who work here can afford to live and raise a family here. My goal with this budget is to build a greener, more resilient city—ready for the many challenges of a changing climate. My goal with this budget is to build healthy, strong neighborhoods, with libraries, parks, bike trails and family-friendly events that embrace the great diversity of our city,” said the Mayor.
The Mayor’s Executive Budget will be introduced at Common Council tonight and will be discussed at City Finance Committee meetings planned for September, with final Common Council action in November, allowing multiple opportunities for resident input.