Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Town manager proposes moving small capital into operating to reduce reserve reliance; board probes $2.2M HS track and turf plan
Summary
Town Manager recommended folding recurring small capital (CNR) into the operating budget over several years to reduce reliance on volatile surplus and capital reserves. Separately, school officials presented a $2.1'.2 million bonded track-and-turf replacement at Simsbury High, with warranty and scheduling questions.
At the Feb. 28 session the town manager outlined a multiyear change to how Simsbury budgets small capital items. Staff proposed eliminating the CNR fund for many recurring, small capital purchases and instead budgeting an annual operating allocation for these items while preserving CIP for larger construction and bond-funded projects.
Mark told the board the previous…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
