In what is becoming almost a routine process, the Moultonboro CIPC is heading for it’s annual public hearing for the next proposed 6 year capital improvement plan , 2016 through 2021. I do not know the date of the public hearing, but it will probably be in the next month or so. As per the CIPC charge “A need has been identified to plan for the orderly implementation and financing of a Capital Improvement Program in a manner which meets the needs of the Town and minimizes fluctuations of the tax rate and the impact thereof upon its taxpayers.”
The 2016-2021 spreadsheet ( still in draft form) can be found here on the Town website. There is still more work to be done specifically as the committee undertakes ranking ,rating and classification of the projects being proposed for 2016. Currently, the total proposed of $1,818,341 represents an increase of just about 9% over the 2015 approved amount. Keep in mind that that is not the actual tax levy amount as some of it will be offset by monies kept in capital reserve funds as well as grants.
Whatever the CIPC recommends is of course not final, but will be topics of some discussion during the 2016 budget cycle, which is just a few months away.
The CIPC public hearings have been sparsely attended in the past and yet I read many comments from readers about this very topic, capital spending.
We have a fair amount of work to do this year and next in particular, as there is a very significant potential spike in capital requests.
In my own opinion, we are in very good shape financially as a Town. At the end of 2014, our fund balance was 18.4%, nearly 6% higher than our target ceiling. The Town has no long term debt, $0, and a relatively small amount of lease payments , about $180,000.
I truly believe that if we put our heads together and work collaboratively to seek solutions to some long standing issues and invest in our future as a community, we can do it in a manner that still protects our tax rate. Ultimately, the governing body will recommend and propose, but the legislative body will make the final call.