Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Bonds topic
No spam. Unsubscribe anytime.
Monroe Board of Finance adopts wage-transfer and several bond-authorizing appropriations, approves purchase of Benedict Farm for $2,740,000
Summary
At its June 18 meeting the Town of Monroe Board of Finance approved a $284,859 transfer for FY2027 wage adjustments, adopted multiple capital appropriation resolutions (roads and fire department) and approved a $2,740,000 plan to acquire the Benedict Farm with bond financing up to $850,000 and grant contributions to cover the balance.
The Town of Monroe Board of Finance on June 18 approved several budget and capital measures, including a transfer from an HR wage-adjustment account to cover retroactive and other salary changes and the board’s recommendation of multiple bond-funded appropriations to the town.
Madam Chair introduced and the board adopted a resolution authorizing the first selectman to transfer funds not to exceed $284,859 from the HR wage-adjustment account “to effectuate retroactive and first-record salary adjustment pursuant to certain collective bargaining agreements and authorized approved by town council,” the resolution read. The board moved, a second was recorded and members adopted the resolution by roll call.
The board also read and approved resolutions recommending town adoption of capital appropriations and bond authorizations for road work and for fire-department improvements and vehicle purchases. The resolution text as read contained inconsistent numerical transcription in the meeting record (figures for the road appropriation and the related bond amount and for the fire department appropriation/bond were not consistent in the packet as read aloud); staff recorded the motions and the board carried each item by roll call.
On a separate major measure the board considered a resolution to acquire real estate commonly referred to as the Benedict Farm. The resolution as read would appropriate $2,740,000 for the acquisition and authorize issuance of general obligation bonds not to exceed $850,000, with the balance to be funded by grant money and other contributions. A member pointed out that a portion of the resolution text had been duplicated; the board voted to amend the resolution to remove the duplicated language, then adopted the amended resolution. A board member asked whether the purchase contract would be public once approved; staff said it would become a public document once the town council acted.
All actions were recorded as motions with seconds and roll-call votes; the meeting transcript does not supply a complete line-by-line named vote tally in each instance, and the board’s recommendations will proceed to the town meeting or council as required for final appropriation and bond approvals.
What’s next: the Benedict Farm acquisition was noted as contingent on subsequent town approval; the road and fire appropriations were recommended for adoption by the town and bond issuance as outlined in the respective resolutions.
