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Ross council hears stark financing outlook as consultants map options for $26M–$30M facilities plan
Summary
Fieldman consultants told the council the town lacks internal capacity to fund major elements of the facilities master plan without new revenue; they outlined bond, parcel‑tax and CFD options and presented scenarios showing debt service could vastly exceed recommended limits.
Town of Ross — Fieldman consultants and town staff on Thursday gave the Town Council a detailed briefing on the town’s capacity to pay for the facilities master plan and a competing Friends of the Ross Firehouse (FORF) proposal, concluding that the town would need new revenue streams before taking on meaningful long‑term debt.
Onie Veren of Fieldman Rele Associates and Dan Shaw, also with Fieldman, reviewed the town’s revenue profile, noting property tax receipts account for the lion’s share of general fund revenue. David Kelly, the town’s project manager for the master plan, said updated cost estimates for the council’s concept B range from $26 million to $30 million. Fieldman’s modeling showed annual debt service for that range would be roughly $1.7 million to $1.9 million. The FORF proposal presented earlier to council was shown as roughly $17.6 million with an estimated $1.1 million in annual debt service and an additional $3.4 million to…
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