Indianapolis’ $1.6 billion city budget increases spending on road, water improvements

August 30, 2024

Indianapolis’ proposed $1.6 billion budget for 2025 includes significant spending on traffic safety and stormwater infrastructure improvements.

The transportation capital plan allocates $239.5 million for streets, bridges and greenways projects.

Street improvements will receive the largest portion of transportation funding at $94 million. Street projects include transforming Georgia Street downtown into a pedestrian-friendly area. The city will use $50 million from a newly created Tax Increment Financing (TIF) district to close a portion of the street to most vehicle traffic to create more outdoor event space and green areas. The TIF funding will also be used to rehabilitate two Union Station underpasses and maintain cultural trail development.

Bridge projects proposed for 2025 include the historic 16th Street bridge over White River. The $17.6 million project will extend the life of the historic bridge by addressing deteriorating concrete. Construction will begin in 2025 and be complete in 2027.

Phases 2B and 2C of the Eagle Creek Greenway project will add 4.7 miles of trail extensions, lighting and signals. The extensions will connect existing trails and provide on and off-road infrastructure for pedestrians and cyclists.  Construction solicitations for the $10.7 million project will open in fall 2025. Construction will begin in 2025 and conclude in 2026.

The stormwater capital plan receives $76.7 million in the new budget. Two thoroughfare draining improvement projects are scheduled to begin in 2025, costing a combined $28.3 million. Surface drainage projects will receive $19.8 million in 2025.

The Indianapolis Department of Public Works maintains a list of future major transportation and infrastructure projects.

The spending plan also includes significant funding for public safety, anti-gun violence programs and animal care services.  

City department heads will submit their proposed budgets in the next few weeks. City council committees will review the budget before it is voted on this fall.


Photo by kennejima

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