Article 9. Fiscal Year 2026 Capital Improvement & Debt Plan

ARTICLE 9. To determine whether the Town will raise and appropriate, or transfer from available funds, or authorize the Town Treasurer with the approval of the Select Board to borrow by the issuance of bonds or notes under the provisions of Mass. Gen. Laws c. 44, § 7, a sum as specified in Tier One (Capital Outlay) and a sum as specified in Tier Two (Borrowed Funds) of the FY2026 Capital Improvement and Debt Plan, for a total of $6,280,000, or any other sum, in accordance with the plan posted on the Town’s website and included in the Town Meeting Briefing Book, to be expended under the direction of the Town Manager; or take any other action relative thereto.

Article Explanation

This article authorizes the FY2026 Capital Improvement and Debt Plan, all of which will be funded within the existing Levy Limit. The FY2026 Capital Improvement and Debt Plan is proposed to be funded through cash outlay, the issuance of debt, and/ or transferring remaining balances in previously authorized debt articles where these balances are no longer needed for their original intended purpose. Items included in this plan include both Tier One (single item or bundled items, up to $250,000) and Tier Two (single item, $250,000 - $2,000,000) capital purchases. The full FY2026 Capital Improvement and Debt Plan will be posted on the Town’s website under the tab for 2025 Annual Town Meeting, presented at pre-Town Meeting hearing before the Finance Committee on Thursday, April 10, 2025, and included in the Town Meeting Briefing Book to be mailed to all households.

Article Motion

Ms. Hartman moves that the Town raise and appropriate the sum of $2,656,950 and authorize the Town Treasurer with the approval of the Select Board to borrow by the issuance of bonds or notes under the provisions of Mass. Gen. Laws c. 44, § 7 or § 8, or any other enabling authority, the sum of $3,685,800 for a total appropriation of $6,342,750, to fund the FY26 Capital Improvement and Debt Plan, as printed in the Warrant, such funds to be expended under the direction of the Town Manager.