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Monroeville presents $45 million five-year capital plan, proposes $10 million MS4 building; no new taxes or debt
Summary
Council heard a presentation on a $45 million five-year capital improvement program (CIP) that leaders say is funded from reserves, uses no new taxes or debt, and includes a proposed $10 million MS4 (stormwater) building design; the plan will be advertised for public comment and scheduled for adoption in August.
Mr. Graziani, a council member, presented Monroeville’s proposed five-year capital improvement program to council and residents on Tuesday, saying the plan would be funded from existing resources and would require “no new debt and no new taxes.”
He said the five-year program carries a roughly $45,000,000 price tag across the planning window and is “fully funded this year and fully funded next year,” while later years are partially funded and depend on grants or future decisions. The presentation included a proposal to design and build an MS4 (stormwater) operations building with a budget placeholder of $10,000,000.
The proposal’s nut graf: the borough’s finance and operations staff modeled revenues and expenditures through 2031 to preserve a target general-fund balance and to address deferred capital needs. Graziani said the plan is intended to draw…
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