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Board hears scenarios for multi‑year capital borrowing to fund road work and capital plan
Summary
Financial advisor Ehlers presented four borrowing scenarios ranging from $2M to $6M annual funding paths, showing estimated tax impacts per average home and timing needed to issue debt before levy adoption.
The Village of Salem Lakes Village Board received a presentation from Todd Taives of Ehlers on July 21 outlining four illustrative capital‑borrowing scenarios to fund roads and the village’s capital improvement plan. Taives described scenarios that start at $2 million in borrowing for 2026 and ramp up to $3 million (with 3% annual increases) or larger scenarios labeled C and D that would fund roughly 2 miles and 4 miles of roads per year respectively. He…
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