Board of Finance; March 23, 2026

The Board of Finance meeting for CharmTV Citizens' Hub on March 23, 2026, focused extensively on financial and capital planning matters. Key procurement-related discussions included approval of the FY27 Capital Improvement Program (CIP) with a budget of approximately $1.065 billion and a six-year plan totaling nearly $4.92 billion. The CIP heavily funds public works projects related to water, wastewater, and stormwater, accounting for 62% of the capital plan. The board reviewed funding sources including $125 million in general obligation bonds and revenue bonds, as well as federal grants such as the $485 million West Baltimore United grant. Specific capital projects highlighted included public safety facilities, recreation centers, and infrastructure improvements. The meeting also addressed the city's recent tax increment financing bond issuance for affordable housing and discussed a downgrade in the wastewater utility's bond rating due to revenue shortfalls and increased operating expenses. The board was informed of ongoing efforts to select engineering consultants to review utility rates and operations and discussed the implications for future bond ratings and capital budgeting. A motion to approve the FY27 CIP was passed, and the meeting concluded with scheduling the next meeting for April 27, 2026.