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Select Board reviews capital plan and looming budget constraints; debt, sidewalk equipment and ladder truck lease discussed
Summary
The Select Board and finance committee reviewed the town’s FY26 capital improvement plan on April 15, focusing on equipment requests, debt levels and the strain on one‑time funds such as free cash and capital stabilization.
The Select Board and finance committee spent a large portion of their April 15 session reviewing the FY26 capital improvement plan, several high‑cost equipment requests and the town’s overall fiscal position heading into the next budget year.
Town staff presented a five‑year capital plan that lists planned projects and funding sources, including Chapter 90 road funds, retained earnings, free cash and $2.5 million in ARPA allocations the town used for prior capital work. Staff said FY26 town debt totals roughly $1,000,002.48 and that about $805,000 of the town’s debt is excluded debt (raised on the property tax recap). The meeting recap noted the town still has short‑term temporary borrowing for Route 79 land takings and easements and an outstanding…
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