The City has budgeted $152.5 million to invest in capital improvement projects throughout our community over the next 5 years (2015-2019).
- The City pays for capital improvement projects through a dedicated source of revenue – income taxes paid for by people who work in Dublin.
- The City’s capital improvements tax fund invests primarily in transportation, parks, utilities and facilities.
- Parks, paths and roadways in the Bridge Street District are designed for the safety and enjoyment of all residents, corporate citizens and visitors.
In April 2014, the City and School District signed a cooperative agreement which allowed the City to establish future tax incentive districts in the Bridge Street District.
- After months of discussions, review of research and studies, the School District supported the cooperative agreement based on the research and data that the proposed housing is largely one bedroom units targeting residents without school age children.
- The School District is receiving $1 million a year or $50 million over the next 33 years – from the City of Dublin – earmarked for technology in the classroom in exchange for the ability to set up different tax incentive districts within the Bridge Street District.
- “This is an alternate revenue source for the district right now. It will ease the burden on taxpayers.” Steve Osborne, Dublin City Schools Treasurer
Income taxes, paid for by the 70,000 people who work in Dublin, pay for City services, infrastructure and amenities.
- Approximately 75% of Dublin residents work outside of the City of Dublin, so the majority of the income tax collected is paid by employees who work in Dublin, but live in another community. Property taxes, from people who live or own property in Dublin, mainly support Dublin schools.
- Increased safety and less congestion will be achieved through a well-designed local grid network system and will be supported by efficiencies in our Citywide infrastructure including the recently completed Emerald Parkway as well as the Riverside Drive Roundabout and Realignment and 270/33 interchange.
- Dublin’s fiscally sound stewardship has earned the city the highest available bond ratings – Aaa from Moody’s Investors Service and AAA from Fitch Ratings – a distinction carried by approximately 3 percent of rated cities nationwide.
Economic Development Tools
The City of Dublin utilizes various economic development tools in order to support and encourage development in the City. Combining traditional and innovative financing methods is vital in ensuring Dublin’s short and long-term sustainability and competitiveness. Learn more about the various economic development tools the City is currently using or considering.
Dublin City Council Meeting Presentation – Monday, April 12, 2015
Community Reinvestment Area (CRA) – April 12, 2015
Dublin City Council Meeting Presentation – Monday, March 23, 2015
Economic Development Tools (TIF) – March 23, 2015
Dublin City Council Meeting Presentation – Monday, February 9, 2015
New Community Authority (NCA) – February 9, 2015