During a recent government meeting, concerns were raised regarding the town's financial health, particularly the general fund, which is projected to experience a significant deficit of $7.6 million in expenditures over revenues this year. Despite an ending fund balance of over $6 million, officials warned that this could be depleted within four years if current spending trends continue.

One official highlighted the need to reassess capital expenditures to mitigate the financial strain. Proposed delays on several projects, including a new sheriff's deputy position and the public works administration building, could save approximately $450,000. However, this amount falls short of addressing the anticipated budget gap for 2025.

The discussion also touched on the importance of economic development as a long-term solution for revenue generation. Officials emphasized the need to support existing businesses and attract new commercial ventures to enhance the town's tax base. Suggestions included exploring the establishment of a Downtown Development Authority or a business improvement district to provide incentives for larger businesses, which could stimulate local economic growth.

As the town approaches the proposed budget approval date of November 17, officials expressed the urgency for further discussions on budget adjustments and strategies to ensure financial sustainability moving forward.