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Greenfield Selectboard discusses warrant article to create road Capital Reserve Fund
Summary
During a Jan. 14 work session, the Selectboard discussed drafting a warrant article to establish a Capital Reserve Fund for paving and road infrastructure to consolidate and stabilize road funding.
During the Selectboard's Jan. 14 work session, members discussed the need for a warrant article to establish a Capital Reserve Fund (CRF) to cover paving and road infrastructure costs. The discussion, held at about 6:54 p.m., focused on using a CRF to cover the full range of road-system expenses rather than relying solely on ad hoc appropriations.
Board members noted the advantages of a CRF in planning and financing recurring pavement and infrastructure work. No formal motion or vote was recorded during the discussion; the board considered drafting language for a future warrant article and directed staff to develop details for a future meeting and public budget hearings.
Next steps include staff preparing draft warrant language and cost estimates for the Selectboard to review at a subsequent meeting and for inclusion in the public budget process.
