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Finance committee asks staff to develop five-year capital improvement plan
Summary
The finance committee directed staff to continue developing a five‑year capital improvement plan (CIP) and longer-range financial model to budget for major infrastructure projects that cannot be funded in a single fiscal year.
The Skagway finance committee voted to request staff further develop a five-year capital improvement plan to help the borough plan and budget for large infrastructure projects.
Chair introduced the concept as a mechanism to plan for multi-year needs such as an incinerator, sewer repairs and a potential school roof replacement. "We really don't have anything that rolls over per se," the chair said,…
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