Capital Plan
In 2011, the Town completed its first ever 10-year Capital Investment Plan with the goal of better planning for the future. As of September 2012, an update and expansion of this plan was completed and is accessible through the link below.
The document serves as a roadmap for staff and council when considering not only spending money to buy or maintain capital its assets, but also to plan for the project funding so that it is available when needed.
The Town currently owns close to five hundred million dollars in assets, some funded from taxes with others funded by utility (water & sewer) rates. These assets are comprised of items such as roads, bridges, buildings, parks, underground water, wastewater and storm water infrastructure, streetlights and vehicles, etc. The Town needs to protect its investment through planning for the repair or replacement of these assets to properly maintain them.
Other than the 2012 budget items shown in the plan, council has not approved or endorsed any of the specific items in the plan. It is to be used as a reference tool only and represents a consolidation of views of various staff members responsible for maintaining assets and services.