Capital Improvement Program
"The use of long-term debt instruments may be reduced if the municipality engages in long-term capital planning and periodic appropriations into capital and other reserve funds created to carry out the plan. When major asset is acquired, such as a fire truck, planning can begin immediately to replace it in the future. Annual appropriations into a reserve fund will help to set aside the funds needed, so that wen the truck must be replaced, all or most of the money will be available to accomplish the task. The capital improvement program (CIP) is a task of the planning board or a committee appointed by the governing body, pursuant to RSA 674:5; cooperation with the governing body and the budget committee is important in CIP development."
Paul Branscombe is meeting with department heads to develop a capital improvement plans, and at a recent Planning Board Meeting, Steve Felton of the Budget Committee asked to meet with the Planning Board to discuss Capital Improvement Planning. These are good first steps. As residents, we can ask our representatives to move forward on developing an effective long-term plan, a plan that will ultimately help stabilize and lower our tax rate while meeting our obligations. We can follow their progress and provide input by going to meetings. We can also vote for candidates who support capital improvement planning.
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