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Washington County reviews draft 2026–2031 Capital Improvement Plan and new capital policy; $1.4 billion in unfunded needs flagged
Summary
County staff presented a draft five‑year Capital Improvement Plan and a proposed capital policy at the April 21 work session, telling commissioners the plan identifies more than $1.4 billion in potential capital needs that are not yet funded and asking the board to consider formal adoption on May 5.
John Steyer, Washington County’s Chief Financial Officer and Treasurer, presented the county’s draft 2026–2031 Capital Improvement Plan (CIP) and an accompanying capital policy during the board’s April 21 work session. He said the CIP is an initial draft that staff will refine before bringing it back for formal action.
“I just wanted to bring the board back to where we're going with our policy updates,” Steyer said, describing staff work to align county finance policies with Government Finance Officers Association standards. He explained the policy’s basic definitions: “a capital asset is... useful life exceeding 1 year, and the cost above a threshold established by an asset class schedule,” and said the CIP will include projects with costs…
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