Laserfiche WebLink
Board of Selectmen and Finance Comrnittee <br /> .Tune 15, 1445 <br /> Wage 2 <br /> The corresponding analysis of QIP implementation <br /> shows that by moving forward <br /> now with major projects to renovate Town H - <br /> Iandfill w . . � to renovate the Fire Station and to c <br /> e can halt this capital disinvestment at a level <br /> cap°� <br /> year 2001, and work t . . . of approximately b the <br /> oward stabilizing a fainly constant level of - y • <br /> thereafter. This will address our rapidlydebt within the levy limit <br /> growing capital needs b reven • ' <br /> budget within the levy limit to be used for o Y p • �g the entire <br /> realize here is that an effort • . Aerating casts only.An important point to <br /> y ort to stabilize our debt level within 2 I definition <br /> require the.,application of the new /2 will by definition <br /> •project cap to non-bonded projects only. otherwise <br /> crucial proects such as DPW equipment replacement - - y many <br /> which �• p p acement or Police and Fire vehicle purchases <br /> do not require bonding will not be able p bases <br /> to move forward. <br /> Based on the need to stabilize aur capital ' <br /> p tai investments over the next several e <br /> would be appropriate to adopt the strategyof years,it <br /> cap for annual capital • removing Tong-term bonded projects from the <br /> p tal budgets and attempting to maintain d • <br /> betterments, in the range of debt service inside 21/2,net of <br /> g $500,000. At the same time a some <br /> approximately$300,000 could what lesser cap of <br /> be used for non-bonded projects which ' <br /> forward. In this way we will be able p j ch should move <br /> to better address the mound capital nee - <br /> growing Town. g p ds of this <br /> It should also be pointed out that this in - <br /> require additional rev crease in the capital spending cap need not <br /> revenues than those forecasted in the financial l <br /> would be to leave the revenue estimate Pan-Abetter strategy <br /> • s at their currently forecasted levels an <br /> with the proposed allocation of those revenuesd,rather, deal <br /> in a more general way than is listed in the <br /> plan.This will give us the flexibility <br /> to change the allocation of reven <br /> cost centers based on need, as was done for ues among the various <br /> meet capital FY 199 , and will free u enough revenues <br /> p tal budgets. p g ues to <br /> 13`. <br /> • - gin' ... <br /> i. <br /> r.- <br />