Watertown Finance Committee Meeting | September 14, 2026

The City of Watertown Finance Committee met on September 14, 2026, to discuss the city's significant infrastructure backlog and capital spending priorities. The committee reviewed a detailed presentation highlighting an estimated $150 million in unfunded depreciation for streets, water, sewer, and stormwater infrastructure, with an additional $90 million in upcoming projects not yet included. The discussion emphasized the urgent need to shift budget priorities toward critical infrastructure repairs and the necessity of increased borrowing to address these deficits. Committee members also considered the importance of developing a multi-year capital plan with clear spending targets to better manage the backlog and balance other capital expenditure demands. Additionally, the committee voted to direct the mayor to provide notice to the county regarding a law enforcement IT services agreement, indicating procurement activity related to IT services.