Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bolton finance committee reviews FY26 projected balance, temporary mill-rate options and reporting needs
Summary
At its June 19 meeting the Bolton Finance Committee reviewed a revised projected balance for the town, discussed options if a budget vote fails (including setting a temporary mill rate), and requested end-of-year financial reporting and a mill-rate calculator from staff.
The Town of Bolton Finance Committee met June 19 to review the town's fiscal position for fiscal year 2025–26, discuss options if a proposed budget does not pass, and request additional financial reports and tools from staff.
Committee Chair Ross Riley said the committee is "currently looking at a revised projected balance of $394,896.06," and noted the board's commitment of $150,000 toward the FY26 budget. Riley also told the committee the town is "projecting a transfer of $40,000 in July to cover food services, but that is still ... not a final number." The committee discussed interest earnings and budgeting: Riley said interest income looks likely to reach "about 530 maybe by the end of the year in interest."
Why it matters: the committee…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
