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Finance » Capital Plan » Annual Capital Projects Plan “The Capital Plan”

Annual Capital Projects Plan “The Capital Plan”

Each year in August/September, the City’s Finance Department, in consultation with all City Departments, city stakeholders, engineering consultants and our grant-writers, prepares a five year forecast which charts a course forward for major city projects and purchases. From new Fire equipment, such as a $1 Million Dollar ladder truck, to replacement vehicles for our City police force, from major infrastructure projects such as roof-replacement at the sewer plant to repairs to the City Hall roof, the Capital Plan is a roadmap for future projects. Importantly, the Capital Plan sets forth our current thinking about how these projects and purchases will be funded, the order in which they may be undertaken, and the duration of time we anticipate each project taking. The annual Capital Plan is merely an outline, as unforeseen emergency repairs and other capital expenditures may occur despite not being known. Funding may become available that is only eligible to be spent on a certain type of project, elevating one project ahead of another despite it possibly being planned as a lower priority.

We encourage public comment on this plan at an upcoming public hearing, the date for which will be set by our Common Council and posted here in the near future.