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Board of Selectmen review midyear finances, approve several contingency transfers
Summary
Staff presented year‑to‑date financials as of Dec. 31; the board approved several transfers from contingency and discussed the upcoming budget schedule and subcommittee assignments.
Town finance staff presented year-to-date financial results to the Board of Selectmen on Feb. 4 and the board approved several contingency transfers to cover retirements, storm costs and other items.
Josh (staff member) told the board that overall revenues are at about 61% at the halfway point of the fiscal year, with tax collections at about 60%. Building permits were reported at roughly 88.5% (about $750,000 of an $850,000 budget), and conveyance fees were running at about 80% ($1.2 million of $1.5 million). Parking revenues and permit fees were also reported as stronger than last year; interest on investments was around 59% (about $1.1 million of a $2 million budget). Overall expenditures were reported at…
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