City looks at $5.1 million in capital expenditures
By Gene Kemmeter
The city of Stevens Point is contemplating a 2018 budget with capital expenditures totaling more than $5.1 million.
The Finance Committee reviewed and discussed the proposal Monday, Sept. 11, but took no action on the total $5,169,200. That will come at the October committee and Common Council meetings.
Comptroller/Treasurer Corey Ladick said the capital projects will involve borrowing $4,419,200, with $750,000, “about the same as in the past,” coming from the city’s fund balance.
The biggest ticket items for capital expenditures include $1 million for reconstruction of Isadore Street, $1 million for patrol trucks for the Department of Public Works (Street Department), $750,000 for road surface improvements and $670,000 for a new fire engine.
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