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Treasurer reports midyear budget: 36% of budget remaining; trustees plan deeper budget review
Summary
The treasurer presented a year‑to‑date report showing about 36% of the budget remaining as of June 30 and warned that revenue timing (property and sales taxes) makes early-year expenditures appear heavy; trustees agreed to a deeper review at the budget workshop and discussed a possible amended budget.
The treasurer (speaker 2) presented the town’s midyear financials, saying the report shows roughly 36% of the budget remaining as of June 30 and that reimbursements and major revenues—especially property taxes—arrive unevenly across the year. "We've got 36% of our budget remaining to spend," the treasurer said, and cautioned that front-loaded expenditures such as insurance premiums make the first half of the year appear top-heavy.
Trustees discussed the need for a detailed budget workshop and possibly an amended 2024 budget. Staff reminded trustees that the 2024 budget had been prepared with a blanket 4% increase amid state deadline pressures and that a more granular review will be required before the board finalizes numbers for future planning.
