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Norwalk CFO proposes 10-year capital plan, 4-year sunset for inactive authorizations
Summary
City CFO Jared Schmidt recommended charter changes to align capital-budget timing with the operating budget, expand the capital plan to 10 years, create an automatic four-year sunset for unused authorizations and codify a bond-sale committee. Commissioners pressed for clarity on the Board of Estimate and Taxation’s role and the timing of reviews.
Norwalk’s chief financial officer, Jared Schmidt, told the Charter Revision Commission on Feb. 18 that he is proposing a series of charter amendments to the city’s capital-budget process intended to align timing with the operating budget and tighten management of long‑standing authorizations.
The changes Schmidt outlined would require departments — including Norwalk Public Schools — to submit capital requests by mid‑December, expand the current five‑year capital plan to a 10‑year capital improvement plan, add the mayor as a formal recipient of department submissions, and move some Planning and Zoning (P&Z) review steps so the commission looks at the mayor’s recommended plan. "I'm recommending that we expand from a 5 year plan to a 10 year capital improvement plan," Schmidt said.
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