Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Finance manager reports $130,000 outstanding property taxes; Highway Fund pressures noted
Summary
Finance Manager Lucy Pierpont told the Selectboard that property taxes were due Feb. 11 and that $130,000 remains outstanding for the second payment; she said the FY26 General Fund is on target but the Highway Fund is over budget in areas and staff will seek expense reductions and delays to avoid overspending.
Lucy Pierpont, Finance Manager, reported that property taxes were due Feb. 11 and that the outstanding balance for the municipal property tax second payment is currently $130,000. She said payments are still arriving and that mail appears slower than in prior years, so the town expects additional receipts.
Pierpont said the FY26 General Fund is on target, but the Highway Fund shows spending above budget in some areas. She said she and Highway Supervisor Allen Wight are examining options to reduce expenses or delay purchases where possible to minimize the fund’s shortfall and avoid going over budget this fiscal year.
