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Finance committee reviews tax collections, grant deadlines and a proposed website revamp
Summary
Bolton’s finance committee reviewed current tax collections and cash-flow risks from grant timelines and ARPA spending, agreed to add a website revamp request to next year’s budget, and asked staff to deliver a bond schedule and a grants-deadline calendar for planning.
The Bolton Financing Committee on Jan. 15 reviewed tax-collection and revenue numbers, discussed timelines for multiple grant-funded projects and directed staff to include a website revamp request in next year's budget.
CFO Jill Collins reported the current levy is collecting at 100.87% (the budgeted expectation was 98%), motor-vehicle collections at 89.32% and prior-period collections near 96.73%. Collins cautioned that timing matters: many grant programs require the town to spend upfront and be reimbursed later, and the committee discussed how fronting…
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