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Bow Selectboard approves accounting moves and policy updates; fund balance adjustments said to have no tax‑rate impact
Summary
Selectboard approved moving $1,000,000 to an allowance for pending abatements, increased the overlay from $500,000 to $600,000, voted to adopt an updated cash receipts policy, and authorized sealing minutes from a nonpublic session; officials said the moves have no immediate impact on the tax rate.
At its Oct. 14 meeting, the Bow Selectboard approved a set of financial and administrative measures the town’s staff said were necessary to reflect post‑meeting changes and pending claims.
Finance staff explained that warrants and warrant article reductions reduced appropriation levels…
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