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Selectboard reviews town report, budget increases and reserve fund history ahead of town meeting
Summary
Board members reviewed the town report draft, discussed a $15,000 year-over-year budget increase and historical reserve fund allocations (including an untransferred $100,000 equipment reserve), and set tasks to clarify VLCT dues and county tax changes before town meeting.
The selectboard reviewed the selectboard report and budget materials for the upcoming town meeting and discussed how to present and explain a roughly $15,000 increase in the town budget compared with the previous year.
Chair (Speaker 1) said the $15,000 variance reflected routine expense changes rather than windfall revenue from reappraisal: "the money that we were raising from taxes or paying from taxes was $15,000 more than the year before," the chair said, clarifying the difference was due to spending rather than increased town receipts.
Members also traced historical reserve-account decisions following an insurance settlement and discussed creating or formally recording an equipment reserve of $100,000 that had been referenced at a prior special meeting but not clearly moved into a designated fund. They agreed to update the town report with clarifying footnotes and to prepare materials to answer taxpayer questions at town meeting.
