TOWN OF LEDYARD - File #: 22-064

• File #: 22-064
• Version: 1
• Type: General Discussion
• Status: Held
• File created: 7/13/2022
• In control: Finance Committee
• On agenda: 10/4/2023
• Title: Continued discussion regarding the status and possible changes to Capital Improvement Plan (CIP) and Capital Non-Recurring (CNR) Fund based on the American Rescue Act Funding (ARPA) and the process to approve ARPA Projects and expend ARPA Funding.

Date	Ver.	Action By	Action	Result
9/20/2023	1	Finance Committee	Continue
8/16/2023	1	Finance Committee	No Action
7/19/2023	1	Finance Committee	Continue
6/21/2023	1	Finance Committee	No Action
6/7/2023	1	Finance Committee	No Action
5/17/2023	1	Finance Committee	No Action
5/3/2023	1	Finance Committee	Continue
4/19/2023	1	Finance Committee	No Action
4/5/2023	1	Finance Committee	No Action
3/1/2023	1	Finance Committee	No Action
2/15/2023	1	Finance Committee	No Action
2/1/2023	1	Finance Committee	Continue
1/18/2023	1	Finance Committee	No Action
1/4/2023	1	Finance Committee	No Action
12/7/2022	1	Finance Committee	No Action
11/2/2022	1	Finance Committee	No Action
10/19/2022	1	Finance Committee	Continue
10/5/2022	1	Finance Committee	No Action
9/21/2022	1	Finance Committee	No Action
9/7/2022	1	Finance Committee	No Action
7/20/2022	1	Finance Committee	Continue

AGENDA REQUEST
GENERAL DISCUSSION ITEM

Subject:
title
Continued discussion regarding the status and possible changes to Capital Improvement Plan (CIP) and Capital Non-Recurring (CNR) Fund based on the American Rescue Act Funding (ARPA) and the process to approve ARPA Projects and expend ARPA Funding.

end


Background:

The Town has been slated to receive approximately $4,327,000 from the American Rescue Plan Act.

* Local governments would receive funding in two tranches (2nd tranche May/June 2022)
* Funds must be "obligated" by the end of calendar year 2024, "liquidated" by end of calendar year 2026.

Although the federal guidelines did not require approval by the taxpayers for the use of the American Rescue Plan Act (ARPA) Funding that the Finance Committee decided to include projects that were not time-sensitive in the Capital Improvement Plan (CIP) that would be presented and voted on by the taxpayers as part of the May 17, 2022 Budget Referendum

To ensure that each project and all suggestions were given their due diligence that over the past year the Finance Committee developed a rubric to evaluate/rate each project, held an Information Forum on February 15, 2022 to receive and comments and suggestions on the proposed ARPA Projects, and received input from town departments and residents through conversations, and other sources such as social media

* Final rule defines five (5) broad eligible categories:
* Responding to the public health emergency and the negative economic impacts of COVID-19
* Replacement of lost revenue
* Provide premium pay
* Water and sewer infrastructure
* Broadband infrastructure

* Responding to the public health emergency and the negative economic impacts of COVID-19 (subcategories)
* public health
* assistance to households
* assistance to small businesses
* assistance to nonprofits
* aid to impacted industries
* public sector capacity

* Why not just "give the money back"?
* Funds cannot be used to reduce taxes
* Each res...