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Budget committee seeks clearer revenue accounting as it weighs tax-cap assumption
Summary
Committee members pressed for more transparency on April 4-34/4-34R revenue forms, questioned conservative estimates used to set the tax-cap target, and requested the town administrator and tax collector appear to reconcile revolving-account transfers and unassigned fund balances before finalizing tax-cap guidance.
The Budget Committee spent a lengthy portion of its Dec. 22 meeting probing how Brentwood estimates revenues used to set the town tax-cap and how those estimates appear on the state 4-34 and 4-34R forms. Members said inconsistent or missing detail in revolving-account transfers and year-end reconciliations make it difficult to evaluate whether revenue estimates are conservative or undercounting receipts.
"We had to set this on file so that we had a number for tax rate," one member said, summarizing the procedural…
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