FY017 fixed Assets & Capital Improvement Program
The development of a Capital Improvement Program, attached herewith, was funded under the Baker- Polito Administration Community Compact Program - an initiative designed to encourage Massachusetts cities and towns to adopt and implement best practices.
Through its compact agreement with the State Division of Local Services, the Town of Colrain sought to establish a program that "develops and documents a multi-year capital plan that reflects a community's needs, is reviewed annually and fits within a financing plan that reflects the community's ability to pay."
To assist the town, consulting services were provided by the Franklin Regional Council of Governments. Its Municipal Finance Specialist provided close guidance to and worked collaboratively with local officials and staff leading to the successful completion of this project.
The Town of Colrain now has as a reference and a tool for prioritizing its immediate and long-term capital needs. It has the means to establish a consistent annual process which is objective in its approach and even handed in its application across all town departments.
Posted: to General News on Thu, Apr 27, 2017
Updated: Thu, Apr 27, 2017