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The committee set a target of roughly $2 million to $3 million for a potential FY27 capital bond and directed staff to prepare a proposed project list. The town has $920,399 in available capital funding, including $500,000 from the override and free cash.
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The committee is considering a larger borrowing package to accelerate repairs and replacements for heating systems, school facilities, public safety equipment, sidewalks, security systems, and other capital needs. The bonding list is not final; some projects may be delayed to FY28 because of MSBA timing, while leased vehicles were excluded because their useful funding life is under 10 years. The committee planned to review the numbers and presentation process at its April 15 meeting.
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