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Finance Committee Capital and Debt Presentation
On December 6, 2010, the Finance Committee held a presentation on capital planning and debt commitments made by the Town through FY2011.  The presentation provided background information on Wayland’s debt for major capital infrastructure projects and purchases to date, as well as benchmark data to compare Wayland with peer communities.  The committee then reviewed the debt schedule into the future to show how retiring debt creates opportunities to accommodate one of several potential projects now under various stages of consideration.  These potential projects include additional athletic fields, multi-purpose athletic/recreation/community space, new library, new space for senior services and programs, a public works operations and maintenance facility, and a second water treatment plant adjacent to the Happy Hollow wells.

This public forum is the initial meeting and critical component of the long-range strategic planning process for consideration of future infrastructure investment.  It is one of several parallel processes to be held over the next 12-18 months during which time citizens can learn more about the choices to be made about specific projects, offer input on the priority to be given to competing projects, and help town officials chart a direction for public decision.  Our goal is for citizens to make an informed judgment as to the most appropriate financial commitment to be made to address the Town’s infrastructure needs.

To review the Finance Committee presentation, click here.