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Review Committee endorses scoring tool approach and proposes weights for capital‑project prioritization
Summary
Staff demonstrated a GFOA‑informed capital‑projects prioritization tool; the committee debated weighting of criteria (health & safety, mandates, resiliency, bundling) and agreed to a staff‑refined set of weights to be forwarded to the commission for adoption and inclusion in budget appendices.
Devin Schmidt, the city’s finance director, and staff presented a capital‑projects prioritization and scoring tool designed to rank city projects objectively. The tool uses 10 criteria — including health and safety; regulatory and mandate obligations; asset condition and risk; recovery and resiliency; economic and smart growth; life‑cycle operation & maintenance; funding leverage; project readiness; and bundling and coordination — with each criterion scored and…
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