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Ehlers outlines $20.5M capital improvement plan; board warned of levy limits and proposed 2025 borrowing
Summary
Finance consultant Ehlers presented a capital improvement plan totaling about $20.5 million (current CIP items), recommended prudent borrowing and highlighted a declining local levy capacity that will constrain capital funding unless levy strategies or borrowing are adjusted.
Ehlers, the village’s financial advisor, presented the draft capital improvement plan (CIP) and financial management plan that covers proposed projects in 2025–2030. The presentation estimated roughly $20.5 million in capital costs currently in the CIP (not including the wastewater facilities plan projects) and recommended biannual general obligation borrowing to fund multi‑year capital needs.
Brian from Ehlers told trustees the village’s assigned capital reserves are healthy but that existing…
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