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Selectboard reviews draft FY2026-27 water budget; capital funds eyed to lower bond need
Summary
Board members reviewed the draft water budget and discussed using capital reserves to reduce the bond amount after project completion; the transfer to the Capital Roads Paving Fund was clarified as compensation for road damage from line work, not general paving.
The Selectboard reviewed the draft FY2026-2027 water budget and discussed strategies to limit borrowing. Selectboard member Ian Albinson presented the budget and Presenter Jill Marsano (VTUMS) said it is "prudent to use Capital funds as available to reduce the amount of the Bond taken out when the project is complete."
Board members also clarified non-project transfers: Selectboard member Joel Bouvier explained that the transfer to the Capital Roads Paving Fund is intended to account for reduced road quality caused by the water-line replacements and "is not intended for use in paving needs directly related to the line replacement work." Staff will continue to refine budget details ahead of final town budget decisions.
