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Board approves budget transfers; hears revenue, tax-sale and project updates
Summary
The New Canaan Board of Finance approved a set of budget transfers to move ARPA-identified funds into a special-project fund, to hire consultants for CHP-credit work and to fund repairs at railroad stations and other town needs, and received a monthly financial update showing revenue ahead of budget in several categories.
The New Canaan Board of Finance approved a set of budget transfers and heard a financial update that showed several revenue categories running ahead of plan and $632,667 collected to date from outstanding tax bills.
During the meeting the board authorized transfers that include: $192,006.40 moved into a special-project fund for ARPA-identified projects that will not expire at year-end; a transfer to pay Deloitte for a combined CHP-credit analysis (the town expects a multi‑thousand‑dollar refund, with estimates discussed in the meeting ranging broadly); roughly $30,000 moved from salary to outside consultants to fund interim financial consulting support; and transfers to cover repairs at two railroad stations (Talmadge Hill platform work estimated at about…
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