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Select Board debates redistributing free cash to rebuild reserves and fund capital projects
Summary
Board members disputed a proposal to change how Templeton allocates certified free cash — with some urging larger transfers to capital and stabilization funds to support roads and equipment, while others warned it could constrain current operating needs; discussion was tabled for further work.
Members of the Town of Templeton Select Board spent substantial time on Dec. 8 debating revisions to the town’s Free Cash Policy and how certified free cash should be allocated among working capital, capital stabilization, general stabilization, OPEB and reserve funds.
Chair Bennett (Select Board) argued that the town should shift a larger share of certified free…
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