Voters Authorize $45.1 Million for Critical Town Capital Projects
Key Points
- $45,191,700 capital budget approved
- Funding derived from free cash, earnings, and borrowing
- Requires 2/3 majority for passage
Article 5, the town’s primary capital projects budget, was approved by a two-thirds majority at the Annual Town Meeting. The article authorizes a massive $45,191,700 investment in Pembroke's infrastructure, vehicles, and facilities.
The funding for these projects will be drawn from a combination of free cash, retained earnings from enterprise funds, and new borrowing. While the specific list of projects included in Appendix E was not discussed in detail on the floor, Advisory Committee Chair Linda Peterson noted that the appropriation is essential for maintaining the town's physical assets and public safety readiness. The measure required and received a two-thirds majority due to the inclusion of borrowing authorizations.
Motion: Linda Peterson moves to appropriate $45,191,700 for capital projects as listed in Appendix E.
Vote: Passed by 2/3 Majority