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Tamworth Select Board narrows 2025 budget proposals, agrees to use capital reserve for Depot Road bridge and awards fire tower contract

Tamworth Select Board · November 14, 2024
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Summary

In a multi-hour budget workshop the Select Board reviewed unassigned fund balance scenarios, agreed in principle to use capital reserves for the Depot Road bridge repair, approved funding adjustments for equipment and policing contingencies, and voted to award a fire tower engineering assessment contract (contract amount recorded in signature file).

The Tamworth Select Board spent an extended agenda segment reviewing the town’s unassigned fund balance and capital improvement priorities for 2025. Town budget staff outlined options for using the audit-year balance (staff referenced an opening unassigned balance figure of about $2.5 million and an estimated adjusted beginning balance near $2.2 million after previously approved actions) and presented scenarios that would fund bridge repairs, vehicle reserves and transfer-station equipment.

Board members discussed the Depot Road bridge repair (estimated at $350,000)…

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