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Trustees weigh using $800,000 fund balance; some urge smaller draw
Summary
Presenter showed alternatives for using fund balance to limit tax increases; some trustees asked for a scenario using $500,000 instead of $800,000 and asked staff to present impacts by town.
Presenter explained the draft budget proposes using $800,000 of fund balance to offset tax impacts in FY27 and warned sustained use would draw down the unassigned balance from about $3.5 million toward a concerning level over several years. He displayed scenarios that show how different fund‑balance uses change the tax impact and allocation among towns.
One trustee asked staff to present an alternative budget that uses $500,000 of fund balance so the board could compare tax impacts: "So, again, for next time, can you present to us your proposed budget with 500,000 taken from the fund?" the trustee said. Presenter agreed to prepare those variants and the allocations by town for the board's next meeting.
