§ 43. Capital expenditure program
(a) Preparation and submission. The Town Manager, after consultation with department heads, shall submit a proposed five-year capital expenditure program to the Selectboard, with a copy provided to the Budget Advisory Committee, at least three months prior to Town meeting.
(b) Contents.
(1) The capital expenditure program shall include:
(A) a narrative summary of requests;
(B) a list of all capital expenditures to be proposed for the next five years with appropriate supporting data;
(C) cost estimates, proposed methods of financing, and necessary time schedules for each improvement or asset.
(c) Revision and update. The above program shall be revised and extended each year to reflect progress or projects still pending or assets to be acquired.
(d) Inclusion in budget. Inclusion in budget. A summary of the capital expenditure program shall be included in the budget with special emphasis on the expenditures for the particular year. (Amended 2021, No. M-13 (Adj. Sess.), § 2, eff. May 16, 2022.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 149 - Town of Springfield
App § 2. Application of general law; proposed charter
App § 4. Intergovernmental relations
App § 7. Potential or actual conflict of interest; personal financial interest
App § 8. Licenses; fees; charges; user fees; fees for service
App § 9. Acquisition and disposition of town property
App § 11. Procedures for charter revision and amendment
App § 13. Use of streets by public utilities and private interests
App § 21. Governmental authority
App § 22. Town meeting; elections
App § 23. Local elected officials
App § 24. Appointed nonadministrative officials
App § 32. Administrative departments
App § 34. Administrative and policy functions prescribed by charter
App § 41. Fiscal year of the Town government
App § 42. Town Manager’s proposed budget timetable and preparation
App § 43. Capital expenditure program
App § 45. Board review and final action
App § 46. Special appropriations
App § 47. Budget Advisory Committee; budget process
App § 48. Appropriation; budget
App § 49. Financial administration and Town budget