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Granby Board of Finance approves fund transfers, sale of town parcel and reviews budgets
Summary
At its Jan. 26 meeting the Town of Granby Board of Finance approved the closeout and transfer of inactive capital funds to the Capital Nonrecurring Expense Fund, voted to accept an RFP sale of 83 Salmon Brook Street for $245,000, and reviewed December budget reports for the town and Board of Education amid public concerns about school spending and senior equity.
The Town of Granby Board of Finance voted unanimously on Jan. 26 to close two inactive funds, transfer their balances into the Capital Nonrecurring Expense Fund, and accept an RFP offer for the sale of 83 Salmon Brook Street.
Chairman Michael Guarco convened the meeting at 7:30 p.m. and the board approved the Nov. 24, 2025, minutes on a motion by William Kennedy, seconded by Dave Demchak (6-0-0).
Director of Finance Kimi Cheng presented the Town’s December statement of accounts, reporting tax collections at 66 percent as of Dec. 31, 2025 (compared with 69 percent the prior year), approximately $60,500 of interest earned in December in the STIF account with a 7-day yield of 3.72 percent, and year-to-date General Fund expenditures at 59 percent. Cheng reported overtime increases: Public Works overtime totaled $50,394.87 year-to-date, with December overtime of $28,400.49 attributed primarily to four snow events; Police overtime was $127,925.74 year-to-date and two vacancies in the department are expected to increase overtime in January.
Nickie Stevenson, director of finance and operations for the Board of Education, told the board that BOE personnel and program accounts remain within the approved budget. She said estimated FY26 special education expenditures are expected to remain within the approved plan but that additional costs have been incurred and the BOE is requesting that an overage of approximately $39,000 be covered using available special-education personnel funds. Stevenson reported the first installment of $229,395 for the Open Choice Grant has been received and total BOE revenue to date is $270,920. She said town revenue is projected at $2,562,047, an increase of about $52,000 since November primarily due to an additional special-education outplacement.
During public comment, residents raised concerns about school spending and equity for seniors. Maureen Eberly urged holding the Board of Education to minimum budget requirements and controlling spending with attention to equity for the elderly. John Spatcher, of Round Hill Road, said the BOE’s advertised 3.23 percent proposal "is inaccurate and misleading" because of the practice of netting revenue against expenses; Lynn Krauss voiced support for Eberly’s remarks.
On the Board’s first action item, Director Cheng recommended closing two funds with no activity — the School Security Project Fund and a Capital Projects Fund balance — and transferring $56,848.74 from the School Security Project Fund and $193,000 from the Capital Projects Fund into the Capital Nonrecurring Expense Fund. ON A MOTION by Kevin Hobson, seconded by Dave Demchak, the Board voted 6-0-0 to approve the closeout and transfers.
The board then considered the sale of 83 Salmon Brook Street. Town administration reported Planning and Zoning and the Board of Selectmen have determined the sale is consistent with the Town’s Plan of Conservation and Development; the board voted unanimously to accept an RFP offer of $245,000 from FNG Enterprises, LLC and to direct the town moderator to hold a town meeting for final approval.
The meeting concluded with a brief review of FY27 Plus One budget memos for both the town and the Board of Education, which staff said had not changed materially since the earlier Three Board Meeting. The board confirmed its next regular meeting for Feb. 9, 2026, at 7:30 p.m. and adjourned at 8:45 p.m.
Actions at a glance: - Approved minutes of Nov. 24, 2025 — Motion: William Kennedy; Second: Dave Demchak; Vote: 6-0-0. - Closed School Security Project Fund and transferred $56,848.74 to the Capital Nonrecurring Expense Fund — Motion: Kevin Hobson; Second: Dave Demchak; Vote: 6-0-0. - Transferred $193,000 from Capital Projects Fund to the Capital Nonrecurring Expense Fund — Motion: Kevin Hobson; Second: Dave Demchak; Vote: 6-0-0. - Approved sale of 83 Salmon Brook Street to FNG Enterprises, LLC for $245,000 and directed Town Moderator to hold a town meeting — Motion: Kevin Hobson; Second: Dave Demchak; Vote: 6-0-0.
The board posted supporting reports (statements of accounts, comparative analysis of senior exemptions, and capital carryover lists) with the meeting materials on the Town of Granby website.
