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Six‑month report: Brighton budget about $35 million; sales tax lags after county refund
Summary
Finance presented a six‑month budget update: total spending budget roughly $35 million; second quarter sales tax receipts at 22.8% of budget (versus 27.3% last year) after a county refund reduced revenue by about $150,000; utilities expenditures are up significantly year‑over‑year.
Earl, presenting the six‑month financial report, said the town's total spending budget for the year is approximately $35,000,000. He reported sales tax receipts for the second quarter are at 22.8% of budget compared with 27.3% at the same point last year, attributing the variance to a county distribution adjustment that included a large refund and reduced the town's receipts by about $150,000.
Earl also highlighted that utilities expenses are running higher than last year (46.5% of budget versus 37.8%) and projected to be roughly $150,000 more than last year owing to higher fuel and utility prices; interest earnings remain elevated due to higher interest rates. The report and supporting slides were noted as available on the town website.
