Capital Improvement Plan
Town Council Approves Nearly $10 Million in Building Projects, Equipment
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Watertown will spend nearly $10 million on projects to improve parks, streets, schools and vehicles in the Capital Improvement Plan approved by the Town Council last week. The council approved $9.9 million in capital projects and purchases for Fiscal year 2017 (which begins July 1, 2016) which will be paid for using a variety of sources including $4.7 million in borrowing. The capital improvement plan will make up about 7.9 percent of the total town budget, which fits within the Town Council’s goal of spending 7.5 to 8 percent each year on capital projects. Before the recommendations came to the Council on March 22, the Budget and Fiscal Oversight subcommittee met four times for about nine hours to go over the proposals, said Councilor Vincent Piccirilli, chair of that subcommittee. The approved projects include 33 recommendations (see the full report here).


