2040 Comprehensive Plan: Envision Shakopee

Continue planning for future infrastructure needs by preparing the 5-year Capital Improvement Plan (CIP). The CIP aids in balancing needs against limited financial resources. Beyond the CIP, long-range forecasting will continue to be needed to ensure sustainability. These long-range forecasts need to be prepared for the General Fund, Internal Service Funds, and Enterprise Funds. Long- range forecasts aid in maintaining a stable tax rate as future spikes in needs can more easily be anticipated and planned for. Maintain a strong bond rating to minimize the impact of borrowing Consider both short-term capital investment cost and long-term maintenance, operations and replacement costs when making financial and project decisions

3 ENSURE LONG-TERM SUSTAINABILITY

3A

3B

3C

3D

7

Goals &

Strategies

ENVISION SHAKOPEE | SECTION VI: GOVERNANCE

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