Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Select Board adopts free-cash plan and budget instructions, with modification to reserve transfer
Summary
After a lengthy budget discussion, the Select Board approved a free-cash plan that applies $500,000 to operating (policy cap), supports a capital plan, halves a proposed OPEB contribution and leaves a portion of free cash available; the board modified the recommendation and removed a $200,000 general-stabilization transfer before approval.
Select Board members on Nov. 17 voted to adopt the administration’s proposed free-cash plan and budget instructions for FY27 capital and operating preparation, with one modification: the board removed a proposed $200,000 contribution to the general-purpose stabilization fund for the current cycle.
Finance staff said the town’s certified free cash on July 1 was $5,254,050 and recommended applying…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
