SUBJECT:
Title
Budget, Fiscal Condition, and Major Capital Projects Overview and Strategy
Body
DEPARTMENT:
Finance Department
Town Administration
Department
PRESENTER(S):
Malcolm Fleming, Town Manager
Sara Hancock, Finance Director
First Name Last Name, Title
TIME ESTIMATE: 180 minutes
only required for non-consent items
STAFF RECOMMENDATION:
Recommendation
Staff asks Council for questions, comments, and direction on the current plan, funding mechanisms, and priorities.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
With a new Council sworn in on January 14, 2025, staff prepared an overview on the 2025 budget, fiscal condition, and approach and strategy to fund major capital projects to assist Council in setting clear direction, priorities and the approach to funding large-scale projects. This presentation provides an overview of the 2025 budget summary, long-term financial plan, CIP summary, as well as Town staff and consultant work on facility needs.
Major projects focused on in this presentation include:
• The Town Hall Expansion
• Public Safety Building Expansion (Erie Police Department)
• Leon A. Wurl Service Center (LAWSC) Expansion
• Erie Community Center (ECC) Expansion
• ECC Satellite Center
• Performing Arts Center
• Airport Terminal and Access Expansion
COUNCIL PRIORITY(S) ADDRESSED:
ü Attractive Community Amenities
ü Prosperous Economy
ü Safe and Healthy Community
ü Effective Governance
ü Fiscally Responsible
ATTACHMENT(S):
1. Presentation