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Bolton finance staff outline insurance, refuse and bond timing issues at budget workshop
Summary
Finance staff told the board the insurance line has multiple carriers and billing complexities; refuse costs were adjusted based on vendor forecasts and CPI; members discussed bond timing for a school roof and potential refinancing of a fire truck.
At the Feb. 10 budget workshop, Bolton’s finance staff walked the board through several non‑personnel budget lines that carry operational and timing risk.
Insurance: Staff said the town’s insurance is split among multiple carriers (TERMA and an insurer referenced for fire‑department apparatus) and that some portions of the property/liability premium are billed on different schedules and sometimes separately for school buildings. An estimated property/liability…
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