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Board of Finance urges clearer charter language on access to financial information, bonding and appropriation rules
Summary
Board of Finance chair Lisa Hovner and commissioners recommended charter changes to protect elected financial oversight: clearer access to department finances, a defined budget calendar, review role for bond issuance timing, and safeguards for appropriations and emergency spending.
The Board of Finance presented a 21‑page set of recommendations to the Charter Revision Commission on March 4, urging changes to the charter to guarantee timely access to financial reports, clarify the budget calendar and strengthen checks on borrowing and emergency appropriations.
"Transparency and access to information are huge," Lisa Hovner, chair of the Board of Finance, told the commission. She argued elected fiscal overseers must have reliable, timely data to fulfill their statutory duties and preserve the town’s financial ratings.
Why it matters: The Board of Finance is the town’s…
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