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Shorewood finance team presents 10-year long-range plan; board urged to focus on 2026–2028 window
Summary
Finance staff reviewed a 2026–2035 long-range financial plan, warning of a steep spending jump in 2027 tied to the public works building and urging the board to prioritize short-term (1–3 year) decisions while continuing long-range monitoring.
The Village of Shorewood finance team reviewed its 10-year long-range financial plan with the committee of the whole and the full board, asking trustees to focus deliberations on the near term (2026–2028) while retaining a bird’s-eye view of projected needs through 2035.
Finance staff outlined the plan’s assumptions and projections, saying a significant expenditure scheduled for 2027 — the public works building, currently planned to be financed with general obligation debt — produces a pronounced $20 million spike in projected expenditures that year. Staff said other capital projects…
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