Wilmington officials outline $51M–$63M CIP gap and options including a small tax-rate adjustment City staff told council the current CIP bucket has a funding shortfall that ranges roughly $51.4M to $63.03M depending on grant outcomes; staff recommended a middle financing option (assuming grant awards and reserve use) that would require about 0.61 of a cent increase to the tax rate, with alternatives including delaying negotiable projects or reprioritizing existing funds.

Wilmington faces a staggering $51M to $63M shortfall in its capital improvement program, raising tough questions about funding and project timelines.

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