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Walden projects $142,213 budget deficit; capital fund to cover shortfall if outside aid falls short
Summary
The Selectboard recorded a projected total budget deficit of $142,213; possible FEMA funds of $72,400 may arrive by July 1 and an emergency state grant for a June 2024 weather event is also expected. Any remaining deficit would be covered from the Capital Fund (balance $154,929 as of June 3, 2025).
The Selectboard reviewed a projected total budget deficit of $142,213.00 for the town. Meeting minutes note the possibility of receiving FEMA funds of $72,400.00 by July 1 and an Emergency Grant from the State tied to the June 2024 weather event.
The minutes say that any remaining deficit would be covered by the town’s Capital Fund, which is recorded as having a balance of $154,929.00 as of June 3, 2025. The minutes do not record a formal vote on use of the Capital Fund or specific timelines for receiving FEMA or state grant funds.
