With $17.3 mil in projects, Town’s proposed fiscal year ’26-31 CIP gets FMPC nod
The Town’s proposed fiscal year 2026-2031 Capital investment Plan, with a total of $17.3 million in projects, got the nod of approval from Farragut Municipal Planning Commission during its meeting Thursday, May 15.
“The annual budget for the Town of Farragut must be approved prior to July 1, which is the start of the fiscal year for our community,” Town administrator David Smoak said. “Part of the budget process, which the Planning Commission participates in, is recommending to the Board of Mayor and Aldermen the capital projects to be considered over the next six years in the Town.”
He explained the CIP fund budget has $17,302,000 in projects it has planned to get under way in Fiscal Year 2026.
“These projects include security enhancements; Enterprise Resource Planning software upgrades; sand volleyball complex reconstruction; improvements to Boyd Station, which include a roundabout; Union Road improvements; intersection improvements at Campbell Station Road and Jamestowne Boulevard and Concord and Loop roads; and adaptive traffic signal upgrades throughout Town.
“Revenues for the CIP come from Town resources in the form of a $6 million transfer from the General Fund, $4,882,000 from CIP reserves and $6,320,000 from federal and/or state matching grants,” Smoak added.
“Overall, the projected available fund balance is $8,994,719.”
The CIP also takes into account improvements to be made at the Boring and Smith Road intersection in preparation for the new elementary school. These include multiway stops and reconstruction of Dominick Point. The Town also plans to install a mid-block cross walk. The cost in FY 2026 is $25,000 plus $150 for the cross walk.
Also to assist with traffic, a new access is planned for Sugarlane Drive.
“The close proximity of Sugarlane Drive and Smith Road creates issues during peak AM/FM peak hours as eastbound queues back up,” Smoak said, explaining the justification of a new access.
On the other end of Boring Road, the Town plans to close Boring Road at Kingston Pike at a cost of $50,000.
Another project includes sharing costs with a developer to improve Boyd Station Road with road widening and a roundabout.
As such, FMPC unanimously approved Rackley Engineering’s preliminary plat for such road improvements in front of the Grove at Boyd Station subdivision, which currently is under construction.
Additionally, the Board has included Turkey Creek Road multimodal improvements for $2.5 million, a roundabout at Watt Road for $850,000; Phase II of Virtue Road improvements to cost $7,480,000, with funding starting in 2027.
