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Tamworth board reviews 2025 budget; proposes expendable trust to fund police staffing
Summary
Officials reviewed the 2024 fiscal picture and 2025 challenges, including a high unassigned fund balance and near‑term capital hits. The board discussed using an expendable trust funded from reserves to cover a third full‑time police officer rather than raising and appropriating the money annually.
Town staff presented an overview of the 2024 finances and a draft look ahead to 2025, telling the Select Board that the town appropriated about $5,270,000 in 2024 and began the year with roughly $2,500,000 in unassigned fund balance (about 20% of the budget). The presenter noted Tamworth’s policy target for unassigned funds is 8–15 percent (and cited state guidance of 5–17 percent), and said the current balance offers room to use reserves to reduce tax effort or designate capital purchases.
The presenter outlined major near‑term cost drivers for 2025: a state‑flagged bridge repair (estimated around $350,000),…
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