Capital Planning Committee Description (cont'd)

The committee shall be charged with facilitating the coordination between community objectives, capital needs and fiscal capacity.~ The committee will help the town to understand the tax impact of capital expenditures, and consider the relative need, timing and cost of each capital expenditure, including methods of financing, possible federal or state aid or grants, the cost of maintaining the facility or equipment, and the effect each capital expenditure may have on the financial condition of the town.~ The committee shall consider requests, make recommendations, and be responsible for capital planning on a continuing basis. It shall produce an annual written report which outlines capital project priorities, estimates and projections of revenue, operating expenses, historic trends, tax rates, and debt which shall assist the selectmen and advisory committee in keeping the public informed about the town’s future anticipated needs and projects.