03/19/2026
As Ashland looks to update its Capital Improvement Plan, it is helpful to understand how modern capital planning works.
A traditional Capital Improvement Plan focuses on listing equipment and estimating when it will need to be replaced. That was an important first step, and it helped the town begin planning ahead.
Today, many communities take a more comprehensive approach by combining three key elements: asset management, maintenance planning, and capital planning.
Asset management begins with identifying what the town owns — roads, buildings, equipment, utilities, and facilities — and understanding their condition and expected lifespan.
Maintenance planning focuses on keeping those assets in good working order through regular upkeep and repair. This helps extend their useful life and avoid costly failures.
Capital planning then builds on that information to determine when assets will need to be replaced or upgraded and how those costs should be managed over time.
The Water and Sewer Department has already demonstrated how this approach can work. By combining a computerized maintenance system, an asset management plan, and a Capital Improvement Plan, the department has been able to operate efficiently and generate revenue.
Expanding this approach across the town — including public works, public safety, electric infrastructure, buildings, and recreation facilities — would allow Ashland to manage its assets more effectively and plan for the future with greater confidence.
A modern Capital Improvement Plan is not just a budget tool. It is a management system that helps a town take care of what it owns and make informed decisions about future investments.