The Capital Expenditure Committee shall prepare and annually update a six-year plan for spending on town capital projects. The plan shall include expenditures for new construction, major improvements to the existing town property and for major purchases of equipment by all town departments, offices, boards, commissions and committees.

The Capital Expenditure Committee shall review and comment upon all studies of capital requirements of the Town and may itself conduct such studies it deems necessary to perform its duties. The committee shall review and comment upon all warrant articles for capital expenditure.