Page 555 - Bedford-FY23-24 Budget

• In light of needed capital improvements, the

RECOMMENDATIONS City should consider the use of debt funding

for near-term, needed improvements

̶ NewGen recommends the City increase the fee

per SFU by $0.50 a month, which is anticipated to

aid in funding approximately $3.5 million in

needed capital improvements

̶ Failure to make needed improvements in a timely

manner will only raise the risk of flooding /

stormwater management issues and result in

higher costs of construction due to inflationary

impacts

NEWGEN STRATEGIES AND SOLUTIONS, LLC 9