Title
Adopting the Capital Budget for the 2025 Fiscal Year
Body
RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the Executive Director’s 2025 Proposed Capital Budget, setting forth:
• Total project cost estimates for 269 capital projects totaling $3,523,631,992;
• Anticipated revenues and available funds of the District for capital purposes of $193,058,227 and the anticipated capital expenditures of the District of $308,830,000 resulting in a net local share of $115,771,773 for the fiscal year ending December 31, 2025; and
• The 10-year Long-range Financing Plan, including $1,978,515,000 in project expenditures and $1,340,579,000 in debt service expenditures for a combined total of $3,319,094,000 in capital expenditures from 2025 through 2034. The capital expenditures are expected to be funded from $1,407,860,000 in tax levies; $337,961,000 in non-member billings; $654,000,000 in District-issued general obligation bonds and notes; $831,000,000 in Clean Water Fund state loans; $33,387,000 in Water Infrastructure Financing and Innovation Act loans; $55,461,000 in federal and state aid and grants; $17,720,000 in interest and other income; and $18,295,000 in use of available funds on hand for a combined total of $3,319,094,000
is hereby adopted.