Simsbury reports $3.4 million year-end surplus; board recommends transfers to capital reserve

Simsbury—s finance director reported the town closed fiscal year 2025 with about a $3.4 million surplus, driving a revised general fund balance of roughly $24 million as of June 30, 2025.

Amy Merriweather, finance director and town treasurer, told the Board of Selectmen the surplus reflected roughly $2.3 million in revenue outperformance and about $1.1 million in expenditure savings. "Our total budget was $122,000,007.40 and our actuals came in at 125,000,050," she said, summarizing the revenue side. Major drivers were a higher-than-budgeted tax collection rate (about 99.5 percent versus a budgeted 98.5 percent), larger-than-expected motor vehicle supplemental collections, stronger-than-anticipated investment income and elevated…