Title
Adopting the Capital Budget for the 2022 Fiscal Year
Body
RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the Executive Director’s 2022 Proposed Capital Budget, setting forth:
- Total project cost estimates for 228 capital projects totaling $1,893,188,902;
- Anticipated revenues and available funds of the District for capital purposes of $104,768,000 and the anticipated capital expenditures of the District of $209,065,000 resulting in a net local share of $105,948,000 for the fiscal year ending December 31, 2022; and
- The Six-year Long-range Financing Plan, including $992,333,000 in project expenditures and $620,645,000 in debt service expenditures for a combined total of $1,612,987,000 in capital expenditures from 2022 through 2027. The capital expenditures are expected to be funded from $685,314,000 in tax levies; $136,486,000 in non-member billings; $433,500,000 in District-issued general obligation bonds and notes; $243,596,000 in Clean Water Fund state loans; $67,346,000 in Water Infrastructure Financing and Innovation Act loans; $29,749,000 in federal and state aid and grants; $161,000 in interest and other income; and $16,834,000 in use of available funds on hand for a combined total of $1,612,987,000.
is hereby adopted.