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Council weighs economic incentives and policy before adding staff or recurring funds
Summary
Council discussed existing economic-development funds (~$220,000), a proposal to add $100,000 for FY27 and the need for a written incentive policy before distributing funds or hiring staff; councilors debated pilot funding, a board, and whether marketing or administration could handle tasks instead of a dedicated hire.
Moderator (town staff) reviewed the town's economic development funding and sought council direction on incentives, boards and staffing.
The moderator said the town has roughly $220,000 in economic development funds set aside from FY23–FY25 and noted the FY26 budget contains $100,000 for incentives. He described a possible FY27 addition of $100,000 that would bring the FY27 budget figure to $220,000 and — after reserving roughly $20,000 for the 74X bus — leave about…
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