Overview
In 2022, the Charlotte City Council approved the FY2023-2027 Capital Investment Plan (CIP), a comprehensive program for capital improvement projects across the city over the next five years. This long-range plan builds on investments from the city’s previous CIP (2014-2020) and is designed to support the growth and vitality of the community.
The plan specified improvements to transportation corridors and neighborhoods and building workforce housing. Funding for the CIP comes primarily from issuing bonds with the approval of city voters.
Results of past bond referenda in the previous planning cycle:
2014 |
2016 |
2018 |
2020 |
|
| Total package amount | $146MM |
$218MM |
$223MM |
$197MM |
| Results: | APPROVED |
APPROVED |
APPROVED |
APPROVED |
| Streets | 70% |
77% |
69% |
77% |
| Neighborhoods | 71% |
78% |
73% |
79% |
| Housing | 63% |
70% |
68% |
77% |
On November 8, voters will consider the first bond referendum to fund the FY2023-2027 CIP, totaling $226 million. If approved, these funds will continue to:
Upgrade and enhance streets, bridges, sidewalks and bikeways ($146.2 million)
Build housing for low- to moderate-income individuals and families ($50 million)
Improve infrastructure in the city’s older neighborhoods and emerging high-growth areas ($29.8 million)
Learn more about the bonds, click on the icons.