Already £5 million has been set aside for new affordable homes to hep tackled the city’s housing crisis.
And a series of transport projects have been proposed for funding from the new Visitor Levy, including the revamp of George Street.
The latest batch of proposals focuses on Edinburgh arts and cultural sector, with plans for new funds to give more opportunities to existing organisations and encourage new ventures.
Culture and communities convener Margaret Graham said the levy - which comes into effect in July - offered the Capital “vast” opportunities.
She said: “Edinburgh is such a tourist destination, with a reputation throughout the world. This is going to give us an amazing opportunity to keep it in the forefront.
“We are all quite aware there are lots of cities in the UK that would love to be us, so we have got to make sure we stand out and we continue to be in the forefront of innovation with regard to culture.
“The amount of extra money this is going to bring in - it could be as much as £50m a year by the end of the decade - is incredible, so it's very important we spend that money sensibly.”
The culture and communities committee will debate the latest proposals on Wednesday, February 11, before the full council makes the final decision at a special meeting the following day.
Here are some details of what the council is planning on the arts and culture side, including funding to help complete high-profile major projects like the new National Centre for Music at the old Royal High School and potentially reviving the Festival Cavalcade and Fireworks Concert.
9. CCTV / City Centre Events Team
The Visitor Levy would fund more CCTV cameras in city-centre public spaces to increase safety, deter crime and allow better monitoring of transport networks. New equipment would allow for better coverage of known hot spots as well as blind spots and major junctions. The cost would be £500,000 towards installation in 2027/28 and £300,000 for monitoring staff in 2028/29. There would also be a total of just over £1m for eight extra staff in the City Centre Events Team. | Johnston Press
10. Premier Parks Team / Park Rangers
A dedicated Premier Park Team would be created to manage and maintain the city's seven designated premier parks - Princes Street Gardens, the Meadows, Calton Hill, Inverleith Park, Leith Links, Saughton Park ad Lauriston Castle grounds. The proposed £1.2 million per year funding would pay for 26 officers, vehicles and equipment. There would also be a total of £1.58 million to boost the parks repair budget recruit an extra 9 park rangers. | Kim Traynor, flickr
11. Premier park allocations
Premier parks would also receive individual allocations. Leith Links would receive a £4m capital contribution to develop an Activity Hub, with a destination skatepark, climbing wall and new café/community space, as well as upgraded paths and street furniture. Inverleith Park would get £4m to convert the Inverleith depot into a new café, activity area, quiet natural spaces, training zone and community croft. An initial £1.5m would go to the Meadows and Bruntsfield Links in 2028/29 to deliver a masterplan once developed. Princes Street Gardens would get £175,000 in 2026/27 to help develop the Princes Street and Waverley Valley Strategy. And Calton Hill would get an initial £1.5m for its masterplan once developed. | Google
12. Greening the City
A total of £1.1 million is proposed for additional planting and trees across the city, including floral gateways in town centres, the city centre and key approach roads - potentially including the Picardy Place roundabout at the top of Leith Walk. The money would pay for 7 full-time employees, as well as the purchase, installation and maintenance of the floral displays. | Google