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Finance committee asks select board to reserve $1 million from FY25 to preserve flexibility
Summary
The Milton Finance Committee asked the Select Board to transfer $1 million from the school department’s FY2025 funds into a town reserve account to preserve flexibility for the district as final deficit numbers are confirmed; select board will discuss the request at its next meeting.
The Milton Finance Committee asked the town Select Board to move $1 million from the school department’s FY2025 funds into a town reserve account to preserve flexibility while the district finalizes its year-end budget shortfall.
The request, described during the committee’s morning meeting, is intended “to provide as much flexibility” as the district finalizes the FY25 deficit and determines whether other committees need to approve transfers, the committee chair said.…
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