The Capital Improvement Program (CIP) is a fiscal plan or a schedule for financing public improvements over a period of time for major capital expenditures. This schedule balances the community’s need for public improvements with its ability to finance these improvements. The schedule spreads these improvements over a number of years in order to stabilize expenditures and to avoid any sharp fluctuations in the city’s property tax rate.
The Capital Project Fund accounts for financial resources used for the acquisition or construction of major capital facilities and projects such as buildings, streets, drainage improvements, and parks over a considerable amount of time.
The City of Dickinson levies a 1/4 cent Street Maintenance Sales Tax that was approved by the voters in May of 2011 (and reapproved by voters in May, 2015) to fund numerous street projects. The following Street Maintenance Sales Tax projects are currently in progress: