Committee flags excess Free Cash as Stabilization Fund transfers are considered
Summary
Finance Committee members discussed the town's Stabilization Fund and suggested there may be excess funds in Free Cash; no transfer motions were proposed.
The Finance Committee revisited a postponed agenda item and discussed the town’s Stabilization Fund and Free Cash balance.
Ken Murray said he believes there may be "a little bit too much money in Free Cash," suggesting the town should consider transfers to Stabilization. The committee did not propose a formal transfer motion during the meeting and no dollar amounts or specific transfer recommendations were recorded.
Members indicated the topic would be part of ongoing budget conversations but did not make a binding decision at the April 29 meeting.
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