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Westville forecast: small shortfalls in 2025–27, municipal income tax could restore general fund by 2028
Summary
Town consultants presented a multi‑year comprehensive financial forecast showing modest operating drawdowns through 2027 and a projected positive general‑fund cash flow in 2028 if the town adopts a municipal income tax at the modeled level; consultants recommended parcel‑level modeling and noted public safety certified shares will end in 2028.
Consultants presented Westville’s comprehensive financial forecast (CFP), showing the general fund has a relatively strong cash position today but faces modest spenddowns in 2025–27. Adam of Wilcox summarized the CFP and the assumptions used for property tax growth, circuit‑breaker increases and transfers from other funds.
Adam said the town’s operating balance percentage remains healthy — he cited an expected ending operating balance of about 158% of annual operating expenses in 2025 — but that the town should expect some spenddown in the next two to three years under current assumptions. He told the council that, based on the LSA/DLGF allocations used in the model, the…
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