This document summarizes a strategic plan discussion about capital funding and debt policy for the City of Evanston. It provides background on the city's current financial policies, debt levels, and debt comparisons with other municipalities. It then outlines a proposed basic capital funding strategy of gradually shifting infrastructure funding to "pay as you go" through current revenues while continuing to use long-term debt for facility projects. Charts show projections of debt service costs under different funding scenarios. Next steps discussed include updating facilities and infrastructure assessments to reconcile needs with available funding and engage the public before finalizing new policies.