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Lincoln treasurer outlines tax collections, delinquent warrant and estimated surpluses
Summary
Treasurer Laurie Childers reported the delinquent tax warrant filed March 23 was $172,220.71 and that $72,877.37 has been collected so far; she estimated a $121,679 General Fund surplus and outlined next steps under 24 V.S.A. § 1585 for handling unassigned fund balances.
Treasurer Laurie Childers told the Selectboard that the FY25/26 tax payment cycle closed March 23, 2026 and that the delinquent tax warrant filed on that date totaled $172,220.71; she reported that $72,877.37 of that amount has since been collected. She said the town currently 'is estimating a $121,679 net surplus in the General Fund' and an estimated $9,020 net surplus in the Highway Fund, though the Highway Fund estimate was adjusted due to added culvert spending reported by the highway supervisor.
Childers explained that under 24 V.S.A. § 1585 the Selectboard may create an unassigned fund balance rather than using an identified surplus solely to reduce future taxes; she said the board will need to vote after the independent audit is complete on how much surplus to use for tax reduction versus holding as unassigned funds for public purposes. She also noted staff training and process improvements and said Nancy Stevens (Tax Collector) is available to come to a meeting if desired.
