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Lakeville certifies $1.03 million free cash; Route 79 project and deferred revenue dent reserves
Summary
Town Administrator Andrew reported the town's free cash was certified at $1,033,041. Officials said a $711,000 deferred revenue increase from an assessment/preliminary tax bill error cut the balance; Route 79 right-of-way offers are going out and construction is expected in 2026.
The Town of Lakeville certified free cash of $1,033,041 at the Sept. 16 Select Board meeting and the town administrator and finance staff described factors that reduced available reserves.
Town Administrator Andrew told the board that the Route 79 roadway alteration layouts were being mailed and that bids are expected in the coming month, with construction expected in 2026. He said staff will update the town website with more information and answer questions residents have raised on social media.
Finance Director Mike…
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