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Prescott Valley outlines five‑year capital improvement framework and funding toolbox
Summary
Town staff presented a capital improvement program framework and a five‑year financial plan that prioritizes water quality, drainage, streets and public facilities and lists funding options including pay‑as‑you‑go, grants, impact fees and debt instruments.
Selena Morris, town staff, told the Prescott Valley Town Council that the town has updated the capital improvement program (CIP) framework and is preparing a five‑year financial plan to accompany the fiscal year 2026–2030 capital list.
Morris said the town is distinguishing the capital improvement plan (the long‑term list of projects) from a capital improvement financial plan that models resources across five years so the town can move beyond funding only a single year at a time. “Right now between the capital request items for infrastructure and IT, we have close to 300 requests,” Morris said.
The presentation laid out a governance and project lifecycle model — planning and design, procurement, construction and closeout — and described evaluation criteria staff use to prioritize projects. Morris said the town’s existing policy, Fiscal Planning and Management (405), plus council priorities and community survey results guide evaluation. “We heard water quality, storm water and drainage, facilities and town‑owned…
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