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Village reviews $21.9 million five-year capital plan and flags future levy pressure
Summary
A financial presenter walked the East Troy board through a draft five-year capital improvement and financial management plan totaling about $21.9 million in projects, noted use of roughly $3.2 million in reserves and flagged utility rate work and future levy pressure that will be addressed in follow-up workshops.
The Village of East Troy heard a detailed presentation on its five-year capital improvement plan and financial management plan, which the presenter said lists roughly $21.9 million in capital projects across utilities, streets and parks.
The presenter said the plan separates funding sources — general obligation debt, pledged-revenue debt, grants and capital reserves — and noted the village expects to use about $3.2 million in reserves in the period covered. He said revenue debt in the plan isolates items such as the School Street lift station and a water project, and that water and sewer rate planning will be addressed in a later workshop.
“Right now we’re looking at almost $21,900,000 in capital projects,” the presenter said, and he highlighted a revenue-debt component of roughly $7 million tied to utility projects. He also said the village remains well under its statutory debt limit and its self-imposed limit, and that those metrics support the village’s current credit rating.
Board members pressed for clearer breakdowns of which debt is paid by ratepayers, which is tied to tax levy, and which is TID-funded. President Johnson asked staff to include a table showing debt by repayment source so residents can see how much of the village’s general obligation borrowing is borne by taxpayers versus utilities or TIDs.
Trustees also raised longer-term facility needs — including coordination with the Emergency Services District on a possible new firehouse and planning for a public works garage — and asked staff to reflect those placeholders in future budget presentations. The presenter said more detailed tables and a 10-year utility rate plan will be shared at upcoming workshops.
The board did not take a formal vote on the plan itself; staff said the presentation starts the budget and CIP conversation and that refinements will be made before adoption.
