The Capital Budget Committee is charged with reviewing all requests for capital items and making recommendations to the Finance Committee, Board of Selectmen, and Town Meeting. A capital item is an item that typically has a minimum value of $10,000 or a useful life of at least five years. Examples of capital items include: buildings, vehicles, computer equipment, and roadway / sidewalk / waterways construction costs.
The Committee's recommendations take the form of a five year capital improvement plan and a ten year facility plan, which serve as the town's overarching planning documents. Each year, these items are budgeted for and are presented to Town Meeting as the Capital Budget. The capital budget is separate from the Town's operating budget, which funds recurring expenses like salaries, employee benefits, and office expenses.