How will Baldwin close the gap between what its roads, bridges and buildings need each year and what it sets aside?
$234 thousanda year: the Township's own estimate of its capital funding gap in the 2025 Asset Management Plan
A township's roads, bridges, buildings and vehicles wear out and have to be replaced. The Township's 2025 Asset Management Plan says that doing so on schedule costs an average of $374 thousand a year. It says the Township is committing about $140 thousand a year, so there is "an annual funding gap of $234 thousand". The plan then sets a lower target based on affordable levels of service, which still leaves a yearly shortfall of $47,093. The plan lists $338,672 in reserves (savings kept for a purpose) at December 31, 2023.
Found by reading the town's own documents · 3 sources