CLARKSVILLE, TN (CLARKSVILLE NOW) – With the City Council set to hold a second reading to finalize approval of the 2025 fiscal year budget on Tuesday, here’s a breakdown on the capital project funds and how they are expected to be used going into the new fiscal year. Capital spending relates to building and infrastructure construction and repair, where the operating budget covers ongoing annual expenses such as salaries.
The City of Clarksville’s total capital project budget forecasts revenue rising to over $341 million, but that figure only measures the city’s legal authority to issue debt, according to City CFO Laurie Matta. She said the $341 million is in place when the city needs it for cash flow, but they never spend more than they have available.
Matta added that federal and local governments have to appropriate funds before spending them, which becomes the legal authority to spend. As for the capital project budget for fiscal year 2025, the City of Clarksville has budgeted $108 million, with $25 million coming from grant funds and the other $83 million in new funding.
City of Clarksville capital projects
The Clarksville Street Department highlighted numerous capital projects for fiscal year 2025, which included the construction of Spring Creek Parkway priced at around $16 million. The parkway has potential grant funding (or other funding) of over $20 million, according to city documents (page 985).
The Street Department also budgeted $225,000 for Highway 48/13 sidewalks, $500,000 each for storm sewer rehabilitation and adaptive signal control, and $3 million for the Tylertown/Oakland Road intersection improvement.
The Fire Department is requesting $1.9 million for a 100-foot ladder truck, and the Police Department $1 million for a renovation of the Vista Lane precinct.
The Clarksville Parks and Recreation Department set aside $550,000 for “Mason Rudolph Legacy Park,” but the city is still committed to collecting public input on the future of the golf course once the budget has been finalized, as previously reported.
The general government capital projects include the Performing Arts Center, with over $57 million requested for fiscal year 2025. Also, $1 million was requested to stabilize the Cumberland Riverbank.
Fiscal year 2025 budget totals
For fiscal year 2025, the total budgeted revenue comes out to more than $981 million, with the budgeted expenditures coming out to a total of more than $884 million.
These figures were calculated by taking the revenue streams and expenditures from the following funding sources: general fund, capital project fund, debt service fund, special revenue fund and internal service fund, according to city documents.
Chris Smith contributed to this report.
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Clarksville City Council approves setting new tax rate at $0.88, up from certified rate of $0.7488
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