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Capital Improvement Committee Report Page 2 <br /> April 26, 995 <br /> Under the status quo scenario we see a rapidly declining debt structure with very <br /> little debt in the 1998-1999 period and no debt at all from the year 2000 forward. As the <br /> Town continues to grow rapidly and operating budgets are continually stressed, there is <br /> natural tendency to use these reductions in debt service amounts as fuel for operating <br /> budgets. This would reduce funds available for future capital projects and endanger the <br /> Town's ability to meet its growing infrastructure needs. <br /> Through the inplementtion of the long-range CIP scenario, the Town can track <br /> and maintain a relatively.constant level of long-term debt by replacing retired debt with new <br /> projects for which a need has been demonstrated. In this way capital needs may continue to <br /> be met i <br />