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Windsor Selectboard approves borrowing from water and sewer capital funds to cover $1.1M school tax payment
Summary
On March 11 the Windsor Selectboard voted to borrow $600,000 from the Water Capital Fund and $350,000 from the Sewer Capital Fund to help cover a $1.1 million school tax quarterly payment; the town manager said the loan is for cash flow and is likely to be repaid in FY26.
The Windsor Selectboard voted on March 11 to borrow $600,000 from the Water Capital Fund and $350,000 from the Sewer Capital Fund to help cover a $1.1 million school tax quarterly payment.
Town Manager T. Marsh told the board the town previously used capital funds for short-term cash flow needs and requested $950,000 this cycle; Marsh said the town is more likely to repay the amount in fiscal year 2026. Marsh said the borrowing would leave the town with about $700,000 in operating funds.
Chair T. Howard moved the borrowing motion and M. McNaughton seconded; the matter passed on a roll call vote with the five board members present voting in favor. Board member H. Prebish asked why the borrowing was split $600,000 from Water and $350,000 from Sewer; Marsh said both capital funds have more than $1 million and Finance Manager N. Culma recommended the split.
The borrowing was framed as a short-term cash-flow measure to meet the school tax payment rather than a permanent reallocation of capital reserves. The motion record shows the board approved the request and directed the town manager to proceed with the transfers and subsequent repayment schedule.
