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Selectboard: general budget likely to end with surplus that can cover highway deficit
Summary
The Selectboard discussed fiscal projections and concluded the general budget will end the year with a surplus sufficient to cover a highway budget deficit; receipt of outstanding FEMA funds would increase surpluses in both budgets.
During the meeting the Selectboard reviewed budget projections for the fiscal year. The board was told the general fund is expected to finish the year with a surplus large enough to cover the current highway budget deficit.
Town officials noted that if the outstanding 2024 FEMA reimbursements are received, both the general and highway budgets would end the year in surplus. No specific dollar amounts for the projected surpluses were provided in the minutes.
