Title
Adopting the Capital Budget for the 2027 Fiscal Year
Body
RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the Executive Director’s 2027 Proposed Capital Budget, setting forth:
• Total project cost estimates for 223 capital projects totaling $2,190,448,000;
• Anticipated revenues and available funds of the District for capital purposes of $236,337,469 and the anticipated capital expenditures of the District of $359,159,743 resulting in a net local share of $122,822,274 for the fiscal year ending December 31, 2027; and
• The 10-year Long-range Financing Plan, including $2,190,448,000 in project expenditures and $1,467,920,000 in debt service expenditures for a combined total of $3,658,368,000 in capital expenditures from 2027 through 2036. The capital expenditures are expected to be funded from $1,529,272,000 in tax levies; $381,899,000 in nonmember billings; $1,043,000,000 in District-issued general obligation bonds and notes; $566,000,000 in Clean Water Fund state loans; $16,755,000 in Water Infrastructure Financing and Innovation Act loans; $69,087,000 in federal and state aid and grants; $49,972,000 in interest and other income; and $2,383,000 in use of available funds on hand for a combined total of $3,658,368,000
is hereby adopted.