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Templeton officials discuss reallocating free cash to stabilization and capital planning
Summary
Local officials and advisory committee members debated using free cash for stabilization accounts, capital improvements and retiree health (OPEB), and discussed creating a five-year financial plan.
Town officials and advisory committee members discussed options for using Templeton’s free cash and stabilization accounts during meetings in early June, including proposals to allocate large shares to capital stabilization, infrastructure and retiree health care funding.
On the June 16 TCTV broadcast, a speaker summarized recommended splits originally discussed: 67% available for general use by the town…
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