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The Cost of Capital Projects Recent Capital Projects Funded by General Fund’s Fund Balance (rounded to nearest hundred) Year-End Fund Balance $3,000,000 2022: $2,603,063 $2,500,000 $2,000,000 $1,500,000 2025: $1,629,580 $1,000,000 Repeated use of General Fund’s Fund Balance to finance capital $500,000 projects has created a downward trend. In 2027, the general fund is getting it’s first tax increase in 8 $- years. $40,000 is being budgeted 2018 2019 2020 2021 2022 2023 2024 2025 towards capital projects. The Town General Highway Fire Lighting will explore financing options for Ambulance Garbage Water large capital projects such as the previously discussed playground. 230