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Norwood Finance Commission sees no major concerns in Q3 review; flags building permits and snow-removal overage
Summary
Finance office staff told the commission May 1 that full-year revenues are slightly above expectations and investment earnings remain strong; building-permit receipts lag but a large permit is expected. The commission noted an overage in snow-and-ice removal that will be addressed at the special town meeting.
Molly Ahern of the finance office presented the third-quarter financial review at the May 1 Town of Norwood Finance Commission meeting and said the town’s full-year revenues are projected to be slightly higher than expectations.
Revenue highlights: Ahern said investment earnings remain strong. Building-permit revenue is currently below projections, but the building department anticipates a significant permit that would bring the line closer to budget. Transfers in…
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