Proposed Capital Plan Leaves Out Street Paving

Summary


TIPP CITY-- More than 40 percent of money city administrators think will be available for general capital improvements in the next five years is earmarked to pay debt for past projects.

The debt payments along with little or no projected increase in income tax revenues leaves around $500,000 a year for capital projects, the City Council heard at the annual capital improvement plan workshop Oct. 27.

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Extract


Proposed Capital Plan Leaves Out Street Paving

The result is a proposed capital plan that does not include street paving or money to replace a more than 30-year-old fire department ladde...

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