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Norwood selectmen split on funding timing for capital stabilization fund; agree to place establishment article on warrant
Summary
The Board of Selectments voted to place an article establishing a capital stabilization fund on the special town meeting warrant but split over whether to fund it now.
The Board of Selectments on April 15 voted to place an article establishing a capital stabilization fund on the special town meeting warrant, but selectmen were divided over whether to appropriate money to the fund at this meeting.
A motion to place Article 9 (establish the capital stabilization fund) on the warrant passed by an announced vote of 4 in favor, 1 opposed. Several selectmen urged more planning before funding the new account: they recommended completing a capital prioritization list, identifying a dedicated revenue source or minimum annual…
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