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Tamworth Selectboard reviews 2025 budget draft, seeks $500,000 in reductions
Summary
Board heard a first-draft budget presentation showing an unassigned fund balance of about $2.53 million, an estimated $400,000 surplus for the year and a proposed total budget near $5.33 million; members were asked to find roughly $500,000 in savings ahead of the next meetings.
Unidentified Speaker (S3), presenting the first draft of the town's 2025 budget, told the Selectboard the town is starting from a strong unassigned fund balance and faces a larger school budget and rising ambulance costs.
"We're at 2,530,000.00, which is a very strong starting fund balance," S3 said, adding an estimated $400,000 surplus for the current year. The presenter said the working total expense figure…
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