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Board of Finance backs raising city fixed-asset threshold to $10,000
5028717 · June 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The Torrington Board of Finance was informed and then moved to accept an update to the city's capital asset policy raising the capitalization threshold from $1,000 to $10,000.
The Torrington Board of Finance on June 17 received and approved an update to the city's capital asset accounting policy that raises the fixed-asset capitalization threshold from…
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