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Select Board debates changing free‑cash distribution to rebuild town stabilizations
Summary
Board members questioned use of unassigned ‘free cash’ to balance budgets and discussed raising the share allocated to stabilization and capital funds after years of transfers reduced reserves; no policy change was voted but members asked for more analysis.
Select Board members spent extensive time discussing the town’s policy for distributing free cash — unspent appropriations and unexpected revenue — and whether the current allocation undermines long‑term savings and capital planning.
A board member reviewed the policy history: in 2019 the policy allocated 50% to working capital; in 2022 the board added an infrastructure stabilization fund and moved to 60%; after advisory…
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