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Tunbridge proposes Planning Fund to smooth costs of required plan updates
Summary
Selectboard chair Gary Mullen introduced Article 5 to establish a Planning Fund to pay periodic updates to the Hazard Mitigation Plan and the Town Plan so the town avoids large lump-sum expenses when updates are due.
Gary Mullen read the Town Report Warning and outlined Article 5, which would create a Planning Fund to cover the town’s share of recurring updates. "We are establishing this fund to not pay a large lump sum every year," Mullen said, explaining that the Hazard Mitigation Plan and Town Plan require updates on five- and seven-year cycles.
The fund is intended to smooth the town’s budget by accumulating resources over time instead of financing large one-time expenditures. The proposal was discussed during the pre-town meeting; no formal vote on Article 5 was recorded at the Selectboard session on Feb. 24. The board will include the article on the warning for voters to consider at Town Meeting.
