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Finance subcommittee approves WPCA funding policy, will forward to Board of Finance
Summary
The subcommittee voted unanimously to approve a proposed WPCA funding policy that sets guidelines for how WPCA capital costs will be shared between the WPCA ratepayers and the town; legal counsel edits to Section 7 and an annual review requirement were incorporated.
The Board of Finance Fund Balance Borrowing and Debt Service Committee voted unanimously Feb. 26 to approve a proposed funding policy for WPCA capital projects and to forward the document to the full Board of Finance for consideration.
The document sets funding classifications and percentage allocations that will guide how project costs are split between the WPCA and the town. The draft retained previously discussed percentage allocations; for example, the draft treats routine infrastructure rehabilitation and replacement as a WPCA responsibility, while certain projects described as necessary to support commercial…
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