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Selectmen approve accounting moves to cover pending abatements, raise overlay and adopt cash-receipts updates
5942626 · October 7, 2025
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Summary
The selectmen approved moving $1,000,000 into an allowance for potential abatements, increasing the overlay for the 2025 tax year from $500,000 to $600,000, and adopted an updated cash-receipts policy to reflect current procedures.
At the Oct. 14 meeting, the Board of Selectmen approved several fiscal adjustments and a policy update recommended by finance staff.
Finance Director Cheryl reviewed the town’s assessed valuation changes and tax-rate implications. The board voted to move $1,000,000 into an allowance for potential abatements covering fiscal-year 2025 and…
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