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Council okays plan to set aside $500,000 of anticipated FY25 surplus for capital projects and grant matches
5906136 · October 8, 2025
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Summary
Council authorized moving $500,000 of an expected FY25 surplus into a special capital account to seed road paving, match grants and enable timely use of anticipated state and federal funding opportunities.
The Town Council approved a resolution on Oct. 7 to transfer $500,000 of the anticipated fiscal year 2025 surplus into a special capital fund to support road paving and match requirements for grants.
Town finance staff told the council auditors will arrive next week and that the town anticipates a…
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