How will Casey close a ten-year capital funding gap of $10.3 million that its own asset plan says would take a 41.3% rise in the tax levy?
$10.3 millionten-year funding gap in the Township's 2025 Asset Management Plan, against $5.2 million of funding
The Township's September 2025 Asset Management Plan values its roads, bridges, buildings and other assets at $104.9 million. It says that meeting the Township's own service targets costs $15.6 million over ten years, that funding is $5.2 million, and that "a funding gap of $10.3 million exists". Closing it would need about $229,200 more a year in capital contributions, which the plan says is "41.3% of 2024 tax levy". The plan says its starting point is only "about $10,000" a year of tax-funded capital contributions, and that it assumes OCIF grants of $127,750 a year.
Found by reading the town's own documents · 4 sources