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The original item was published from 10/28/2022 11:09:00 AM to 11/20/2022 12:00:03 AM.

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Posted on: October 28, 2022

[ARCHIVED] FY24 – 33 Capital Improvement Planning Process is Underway

Dr. Laurie Hunter, Superintendent of Schools and Town Manager Kerry Lafleur made a presentation on the Town’s Tier III, “Large Capital” needs for the planning period of FY24 – 33.  Tier III capital projects are defined as any project with an estimated cost of $5,000,000 or more in either a single year or phased over two or more years.  Tier III projects are assumed to be funded through the issuance of debt outside of the Proposition 2 ½ Levy Limit.  As such, in addition to requiring approval at Town Meeting, these projects are also subject to a voter-approved debt exclusion (ballot election) which results in an additional tax impact throughout the life of the associated bond issue.

The FY24 – 33 Tier III Capital Plan will be reviewed by the Finance Committee on November 10, 2022.  A copy of the plan is available at:

The Town seeks public comment on Tier III Capital Projects and estimated tax impact through Wednesday, November 30, 2022.  Please send your emailed comment to: or to:  Town Manager’s Office, 22 Monument Square, Concord, MA  01742.

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