Capital Planning

In late 2019, the Select Board appointed a Capital Planning Task Force to develop a process for town-wide capital planning. The Capital Planning Task Force issued a final report with recommendations to the Select Board in June 2021. The process recommended by the committee will be used annual to develop a 10-year capital plan, including all foreseeable Town and Concord Public School capital projects.

FY24-33 Capital Improvement Plan, Tier III

On an annual basis, the Town of Concord prepares a 10-year Capital Improvement Plan.  The plan is meant to be inclusive of all anticipated capital projects, vehicles and equipment, divided into the following categories:

•    Tier I (Small):  expenditures of up to $100,000

•    Tier II (Medium):  expenditures of more than $100,000 but less than $5,000,000

•    Tier III (Large):  expenditures of more than $5,000,000, whether proposed as a single or phased project.

Tier I and Tier II capital is funded either through cash outlay or the issuance of debt within the Proposition 2 ½ Levy Limit.  Tier III projects are anticipated to be funded through the issuance of debt outside of the Proposition 2 ½ Levy Limit.  As such, these projects are subject to a voter-approved debt exclusion (ballot election) which results in an additional tax impact throughout the life of the associated bond issue.

FY24-33 Capital Improvement Plan, Tier III