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Blackstone committee reviews capital funds, ARPA earmarks, and water-infrastructure work
Summary
Town staff reported roughly $3.7 million in stabilization funds and about $8.5 million in capital funds (preliminary FY24 figures); ARPA funds are fully earmarked with a re-appropriation review scheduled, the lead-service-line inventory grant is about halfway complete, and an EPA stormwater report is expected in December.
Lauren (town administration) provided a preliminary snapshot of capital resources and related infrastructure work. She said the town’s stabilization fund is roughly $3.7 million and the capital account is about $8.5 million while FY24 numbers are finalized. Lauren reiterated the importance of preserving borrowing capacity as existing debt falls off and urged careful use of funds so the town can meet large…
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