Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer reports November finances; town selects M&T Bank for short-term financing
Town of Scotland Board of Selectmen · December 30, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Treasurer David Zito presented preliminary November financials showing $2.7M in current-year tax collections and $1.1M in General Fund cash; the town selected M&T Bank for a 2-year $5M line of credit to support bridge and construction programs.
Treasurer David Zito presented the preliminary General Fund profit-and-loss through Nov. 30, 2025 at the Board of Selectmen’s Dec. 30 meeting, reporting $2.7 million in current-year tax revenue (56.2% of budget) and total revenues of $3.1 million (49.7% of the full-year budget). He said General Fund cash on…
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
30-day money-back on paid plans