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Selectmen approved Fox Fund reimbursement to cover part of Granby Senior Tax Credit program
Summary
Meeting minutes note that the Board of Selectmen approved a Fox Fund policy and annual reimbursement of $60,000 beginning FY27 to cover about 20% of the Senior Tax Credit Program cost, consistent with the fund’s purpose.
The Board of Finance minutes record that, at its July 6 meeting, the Board of Selectmen approved the Town’s Fox Fund Special Revenue policy and authorized reimbursement of $60,000 annually beginning in FY27 to reimburse the Town of Granby for approximately 20% of the Senior Tax Credit Program cost. The minutes state the decision aligns with the Fox Fund’s terms to support the benefit of the poor in Granby.
The Board of Finance received the information as part of the communications section of the July 27 minutes; the minutes do not record a separate Board of Finance vote to implement the reimbursement.
