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Select Board forwards $80.6M FY25 capital plan to finance committee, flags $60M borrowing item
Summary
Town Manager presented the FY25 capital improvement plan, proposing roughly $80.6 million in projects and $15.7 million of free cash usage; the board voted to forward the plan to the finance committee for detailed review and noted a large borrowing item (Northeast Maravista T‑ticket path/sewer extension) could require town meeting borrowing in April.
Town Manager Mr. Renshaw presented the proposed FY25 capital improvement plan Aug. 26 and asked the Select Board to forward the proposal to the Finance Committee for detailed review.
The document the town manager described lists approximately $80.6 million in proposed capital funding across categories: public works (water main replacements and road maintenance), public safety (fire apparatus), infrastructure projects (a large sewer extension associated with the T‑ticket path in Northeast Maravista), aquaculture and water meter replacement programs. The manager said the plan proposes using about $15.7 million in free cash, an increase from last year's reliance on free cash, and that the next major borrowing request — to be presented at the April town meeting during FY25 — is the Northeast Maravista/T‑ticket path sewer extension, which has grown from earlier estimates to roughly $60 million as design and engineering matured.
Mr. Renshaw said staff are aiming to balance preserving free cash reserves while addressing imminent public‑safety, infrastructure and legal requirements and that each capital project will be assigned a project manager to improve accountability and tracking. Finance Director Ed Centeo and department heads reviewed departmental requests before the manager finalized the plan for Select Board consideration.
Board members asked for a clearer crosswalk that ties individual requests to the seven strategic plan priorities; the manager said he would add that summary. After discussion, a motion to submit the proposed FY25 capital improvement plan to the Finance Committee carried by voice vote.
The Select Board emphasized that several items will still require separate appropriations or town meeting votes, and that the Finance Committee review will examine cost detail and funding sources prior to appropriations.
