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Newry Select Board transfers $400,000 from undesignated funds to fire capital reserve and tax relief
Summary
At its March 17 meeting the Town of Newry Select Board voted unanimously to move $200,000 from undesignated funds to the fire department capital reserve and $200,000 to offset taxes as part of finalizing the FY27 budget.
The Town of Newry Select Board voted on March 17 to shift a total of $400,000 from undesignated funds as part of finalizing the fiscal year 2027 budget: $200,000 will be deposited into the fire department capital reserve and $200,000 will be used to offset property taxes.
Selectperson Mandy Berry moved the transfers and Selectperson David Bartlett seconded; the motion passed by unanimous vote of the Select Board. The transfers were presented during the board’s review of the FY27 budget and were recorded as a formal action in the meeting minutes.
Town officials said the allocation to the fire capital reserve is intended to support future apparatus and equipment needs; the minutes do not specify which pieces of equipment or a timetable for purchase. The minutes also do not specify how the $200,000 tax-offset will be applied across taxpayer classes or what mitigation, if any, will be required in future budgets to replenish undesignated funds.
Next steps recorded in the minutes: the budget adjustments were approved by vote during the meeting and will be reflected in FY27 budget documents. No additional hearings or state-level approvals were recorded in the minutes for these transfers.
