Board of Finance (Capital Plan Workshop) - 9/24/2026

The FairTV Government Board of Finance held a Capital Plan Workshop on September 24, 2026, focusing on the town's newly mandated annual 10-year capital plan as required by recent charter changes. The meeting included a detailed presentation by the finance and capital projects teams on the comprehensive $495 million capital plan, which covers town, Board of Education, and WPCA projects. Key topics included debt service ratios, debt capacity, and the impact of interest rate fluctuations on the plan. The board discussed project prioritization, funding sources including grants and bonding, and contingency budgeting. Specific capital projects highlighted included infrastructure improvements, school renovations, fire department facility upgrades, police department renovations aided by a donated building, and various parks and recreation enhancements. The board also addressed concerns about inflation adjustments, project cost estimates, and the timing of bond resolutions, which are scheduled for approval in October and a special meeting in mid-October. Questions were raised about the use of speed camera revenues for safe street initiatives, FEMA disaster relief funding, and the process for state reimbursement on school projects. The meeting concluded with plans for ongoing monitoring of project costs and debt service impacts, with a follow-up quarterly update anticipated in November.