Financial Overview
Elevate Tuscaloosa is funded by sales and use tax revenue, grants, donations, and other income. The Financial Analysis Subcommittee reviews the budget, which includes evaluating project feasibility and costs. Project ideas and budget projections are first discussed and reviewed by the Advisory Council and then sent to the City Council for decisions. Financial information on this page is updated each quarter.
Updated Sep 13 2023
$181M
Funding to date
$100M
Spending to date
$588M
10-year Funding Projection
Where has the money come from?
$87.2M
Sales Tax Revenue (Net)
and Other Income
$26.5M
Grants & Private Funding
$65.9M
Borrowed Funds
$1.62M
Other Tuscaloosa City Funds
Elevate Impact Highlights
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Completed projects include
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Randall Family Park and Trailhead at the Northern Riverwalk
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River District Park
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Phase 1 Renovation of McDonald Hughes Community Center
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All-Inclusive Playground at Sokol Park
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Improvements to Sokol Park North
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Reconstruction of the main runway at Tuscaloosa National Airport
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New helicopter hangar for Tuscaloosa Police Department
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Many other projects are currently under planning or design efforts.
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$1 out of every $5 collected by Elevate goes toward public safety employee payroll.
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650 kids participated in Tuscaloosa City Schools Pre-K (Fall 2022).
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Elevate scholarships provided over 1,000 college credit hours for high school students (Fall 2022).
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2,350 Pre-K through eighth grade students attended summer learning programs (Summer 2022).
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353 students have enrolled in or completed a program with Skilled Trades of West Alabama.
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Elevate projects have earned the city over $27 million in grants to-date.
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Monthly garbage fees were reduced to $3.25 from $21.35 beginning October 1, 2019.
Spending Activity
$5.45M
Education Spending
$2.60M
Administrative Spending
$43.6M
Capital Projects Spending
$2.23M
Interest Payments
$38.6M
Community Initiative Spending
$7.73M
Principal Repayments
$100M
Total Spending
Spending details for each project are shown in the tables below, along with funding sources.
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Spending
Approved: The total amount the City Council has approved for specific contracts or purposes.
Spent: The amount paid to-date.​
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Funding
Elevate Tuscaloosa Funds: City funds dedicated to Elevate Tuscaloosa which are allocated to this project.
Other City Funds: City funds from non-Elevate Tuscaloosa sources allocated to this project.
Outside Funds: Amounts from sources outside of the city (grants or donations).
Education Initiatives
Capital Projects
Community Initiatives
Administrative
Borrowing
Amounts shown in this table are only the Elevate Tuscaloosa portion
Uncategorized
Project / Acct # | Spent | Approved | Elevate Funds | Other City Funds | Outside Funds |
---|---|---|---|---|---|
Future Funding for Projects
This section presents the current plan to spend the cumulative actual and projected income of the Elevate Fund through the next 10 years. This plan may change as projects move from an exploratory phase to phases with approved budgets.
Updated Aug 22 2023
$588M
10 year funding projection
(cumulative)
$549M
Anticipated spending through the next 10 years (cumulative)
$40.3M
Anticipated repayment of borrowed funds through the next 10 years (cumulative)