- Special Sections
- Time Out
SOUTH KINGSTOWN â The town council began the budget process Tuesday night with a public work session in which Town Manager Stephen A. Alfred presented the proposed Capital Improvement Program for the next five years.
The CIP for fiscal years 2011 to 2012 through 2016 to 2017 provides a statement on community needs, provides for the development of a implementation schedule based on priorities for meeting the community needs and provides financial data relative to the community's ability to pay for the costs associated with meeting the needs.
âThis is a forecast. It's a community statement of needs and how to address those needs. It's not a budget. That's why we do it every year to reassess the needs,â Alfred said.
The CIP for the fiscal year 2011 to 2012 to the fiscal year 2016 to 2017, released Friday, Dec. 3 is updated on a yearly basis and covers spending on facilities and infrastructures over the next six years and updates what facilities need to be renovated, updated or expanded. Seventeen capital projects are proposed for the next six-year period. A capital project or improvement is a major non-recurring fixed asset with a useful life of at least five years and a value in excess of $10,000. The costs of these projects will be about $20 million with $11 million raised by bonds. Voters will have to approve $4.7 million of those bonds in November 2012. Public Works sees the biggest growth with its funding increasing from $6 million to $8 million for road improvements.
Town Manager Alfred met to review all prior CIP projects and to justify the project need. Alfred said the total program will cost $20 million, yet although the plan looks to have increased by $1,472,000 from last year, projects have been expanded, not added.
For more information pick up a copy of The Narragansett TimesView more articles in: