The Templeton Select Board reviewed the Capital Improvements Committee's five-year capital plan and accepted the committee's FY27 capital repair recommendations after a joint presentation and discussion.

Committee chair Justice enumerated the committee's priorities for fiscal year 2027, beginning with bullet-resistant window replacement for the Narragansett Regional School District, followed by town-hall window replacements, a town-hall basement entrance repair ("the dog house"), a police vehicle replacement (recommended to be funded from meals-tax revenues), a senior-center car port, and a radar-trailer replacement. The committee also recommended leasing options for some heavy vehicles and did not recommend several projects submitted by Templeton Community Television because of concerns about cable enterprise-fund stability.

After deliberation the Select Board voted to accept the fiscal 27 capital repair recommendations presented by the committee. The record shows a majority vote with one abstention noted.

Separately, the board debated and voted on proposed changes to the town's financial-management policy that govern free-cash distribution. The administrator proposed new percentages for certified free cash: 15% to working capital/snow & ice/deficit coverage, 10% to the general stabilization fund, 25% to the capital stabilization fund, 25% to the infrastructure stabilization fund, and 5% to OPEB. The administrator said the change aimed to increase funds available for infrastructure projects the town will face in coming years and to be more transparent about revenue usage.

Board members discussed the historical intent for the meals tax (passed in 2018) to support vehicle leases and capital, and several members argued town practice has not consistently honored that promise. Others noted guidance from the Division of Local Services (DLS/DOR) cautioning against heavy reliance on free cash to fund capital and urged a three-year plan to reduce dependence on free cash.

Following discussion the board moved to amend the financial-management policy to adopt the proposed percentages and approved the change on a roll-call vote. Members directed the town administrator to produce a vehicle and real-property inventory (vehicle inventory prioritized for March) and a five-year capital-plan worksheet to inform future budget cycles and clarify funding availability.

The board did not appropriate specific capital sums in the meeting; rather, it accepted committee recommendations and set policy direction for allocating future certified free cash and for improved capital planning and inventory.