Town of Blacksburg

Enterprise Funds The Town operates four enterprise funds: Water and Sewer, Solid Waste and Recycling, Stormwater, and Transit . The Enterprise Funds include over $65 million in capital projects. These funds are self-sufficient with funding generated by user fees and grant revenues. No town generated tax revenue is used to support operations of enterprise funds. The Water and Sewer Fund includes projects to replace aging water and sewer infrastructure and upgrade sewer capacity. A number of drainage improvement projects are recommended in the Stormwater Fund. The Transit Fund includes $30 million for the purchase of electric buses and charging infrastructure. The Transit Fund also includes projects for on-route amenities such as bus pull-offs and shelters. Financing the Capital Improvement Program The Town’s financial policies, “Principles of Sound Financial Management,” provide the broad framework for the overall fiscal planning and management of Town resources. These policies, reviewed every two years, guide the development of a fiscally responsible CIP and Operating Budget. A copy of the “Principles of Sound Financial Management” is included in this document. Revenue from the General Fund, Enterprise Funds, Special Revenue Funds, and general obligation bonds provide funding for capital projects. Bond funds are used as a secondary funding source to finance long-term projects. Federal and State revenue sources are also used to fully or partially fund capital projects when available. Summary In conclusion, we are pleased to present to you a Recommended FY 2027-2031 Capital Improvement Program that is fiscally responsible and responsive to the community needs. During the next several weeks, we look forward to reviewing and discussing these recommendations. Below is the schedule for the review and consideration of the Recommended CIP. 2025 December 9 Present CIP to Town Council December 9 Town Council Schedules Public Hearing on CIP for January 13, 2026 December 16 Planning Commission Review of the CIP 2026 January 6 Town Council Work Session January 13 Town Council Public Hearing on Recommended CIP January 20 Town Council Work Session January 27 Town Council Consideration of Resolution Approving CIP