Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Highway Budget topic
No spam. Unsubscribe anytime.
Select Board reviews $570,000 in reserves and debates spending surplus on road projects
Summary
Treasurer reported reserves across three funds total roughly $570,000; board discussed using highway surplus (about $123,000) to fund planned road projects and how to reflect that in the highway budget.
The treasurer presented fund balances and the board reviewed how surplus might be deployed for road projects. The treasurer reported a highway reserve fund balance around $170,000, a highway surplus near $123,000, and a municipal facility fund of about $270,000 — roughly $570,000 across the three funds — and asked the board whether to draw from surplus for spring and summer work.
Board members said they would like to identify specific projects and material costs before committing surplus; one member proposed budgeting materials line-by-line and adding a surplus-use line in the highway budget so any draw would be explicit. Members also discussed an example project to rebuild a specific road segment and flagged the need to estimate material costs before approving expenditures.
