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Council approves transfer of $597,322.93 to tax suspense account; tax collector explains process
Summary
Stratford Town Council authorized the tax collector to transfer $597,322.93 to the town’s tax suspense account; the tax collector explained the transfer is a bookkeeping requirement under state statute for accounts deemed uncollectible.
On May 12 the Stratford Town Council authorized the tax collector to transfer $597,322.93 in accounts to the town’s tax suspense account.
Council member Warren moved the resolution and Council member Aurelia seconded. The motion passed by voice vote. During discussion Council member Green asked what happens after the transfer; Dawn, identified in the meeting as the tax collector, explained the transfer is a bookkeeping entry required by state statute and the town code to remove receivables deemed uncollectible from the balance sheet. Dawn said the transfer covered motor vehicle and personal property accounts and does not prevent collection if funds are later recovered; tax bills will still be sent and payments accepted.
The tax collector said most of these accounts are difficult to collect because taxpayers moved out of the area or for similar reasons. The council recorded the transfer as a resolution; no further follow-up tasks were specified during the meeting.
