Selectboard discusses paving fund, grant assumptions and project phasing
Staff outlined a plan to transfer budgeted paving dollars into a dedicated paving fund (example $450,000) and described reserves (about $195,000) that would leave roughly $650,000 available absent a grant; the board debated prioritizing Shatterack Road, County Road phasing, and a Kennedy Road membrane option.
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Staff member said the town would transfer budgeted paving amounts into a paving fund at the start of the fiscal year and gave the example of transferring $450,000 from the highway fund to a paving fund so expenses could be paid directly from it. She said the town currently has about $195,000 in reserve and that, with the budgeted transfer, the reserve would reach roughly $650,000; if the town receives grant money, that would be "on top of it."
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