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Granby approves $690,000 transfer to Capital Improvement Fund from one-time revenues
Summary
The Board authorized a $690,000 FY26 transfer to the Capital Equipment/Improvement Fund, funded by property valuation adjustments and two property sales, to strengthen capital reserves without raising taxes.
The Board of Selectmen authorized an additional FY26 appropriation of $690,000 from the General Fund balance to the Capital Equipment/Improvement Fund. The funds were identified as one-time revenues: $357,000 from a Broadleaf property valuation change, $101,000 from the sale of 603 Cider Lane, and $245,000 from the sale of 83 Salmon Brook Street. The authorization was made on a motion by P. Chapple, seconded by K. Becker, and was approved by the Board.
Officials said the transfer is intended to strengthen capital reserves and provide funding flexibility for future projects without relying on immediate taxpayer dollars; any future uses of the funds will require additional Board approval. The action follows conditional approval by the Board of Finance and is within the limits of the Town Charter.
