Government
Town’s Capital Budget Includes Nearly $300 Million for School Construction
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Watertown’s five-year capital improvement plan calls for $467.8 million in projects and equipment purchases, and the Town maintained the top bond rating — which recently paid off with several million in savings. More than half the funds in the Fiscal Year 2022-26 Capital Improvement Plan (CIP) will go toward the reconstruction of Watertown’s schools, said Town Manager Michael Driscoll when he presented the CIP to the Town Council on Tuesday night. The CIP went down $56.35 million from the FY 21-25 plan. The reconstruction and renovation of Watertown’s three elementary schools will cost $89.5 million, and $200 million has been budgeted for the reconstruction of Watertown High School and related costs. The CIP calls for borrowing $157.18 million for street and sidewalk repair projects.