The Village of Red Hook Board of Trustees convened on July 14, 2025, to discuss key financial and community initiatives that could significantly impact local governance and services. The meeting highlighted the adoption of an investment policy related to the New York Class municipal cooperative agreement, as well as plans for revitalizing the village's information booth.

In a move aimed at optimizing village funds, the board approved a new investment policy that allows the village treasurer to invest surplus funds in the New York Class program. This decision follows the passage of resolution number 21 earlier this year, which authorized participation in the cooperative. The policy stipulates maintaining minimum balances in various funds—$50,000 in the general fund and $20,000 each in the water and sewer funds—while allowing for quick fund transfers to maximize interest earnings. The treasurer, along with the mayor and controller, will oversee these transactions, ensuring a dual approval process for added security. The board emphasized the importance of reviewing this policy annually to adapt to any changes in leadership or financial strategy.

Additionally, the meeting addressed the future of the village's information booth, originally established by the Red Hook Chamber of Commerce. With the village now owning the booth, discussions centered on its maintenance and relevance in the digital age. The booth has faced challenges, including break-ins and a decline in usage, prompting a proposal for its revitalization. Local business owner Sarah Jane from Shopgirl expressed interest in taking responsibility for the booth's upkeep and suggested collaborating with the chamber to enhance its offerings. The board agreed to draft an agreement outlining the responsibilities and expectations for this partnership, aiming for a six-month trial period to assess its effectiveness.

Overall, the discussions at the meeting reflect the board's commitment to improving financial management and community resources. The approval of the investment policy is expected to generate additional revenue for the village, while the revitalization of the information booth could strengthen local business support and tourism. As these initiatives move forward, the board will continue to evaluate their impact on the community and make necessary adjustments.