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Select board previews FY27 budget, fund allocations and town‑meeting schedule
Summary
The Tinmouth Select Board reviewed the FY27 draft budget, discussed equipment and capital fund allocations (options including 80–85% for equipment fund), noted a roughly $192,000 fund balance and proposed placing $1,000,000 of surplus toward building work for voter consideration.
At the Jan. 8 meeting the select board reviewed the draft FY27 general budget and debated allocations between the equipment fund and capital reserves as they prepared the warning for town meeting.
One select board member outlined that the budget draft showed a modest increase in several lines and that the town’s fund balance is roughly $192,000. The board discussed whether to allocate a larger portion of fund balance to the equipment fund (members contrasted an 80% versus 85% approach) and weighed vendor price‑escalation risks — members noted a contract clause from a vendor (Viking) that could allow future price increases for a plow/dump purchase.
The treasurer/board member also reported pending reconciliations and that a $770,000 check sent to Mill River had not yet cleared the receiving bank. Board members discussed proposing at town meeting that voters set aside $1,000,000 of surplus for building work or capital projects, and they asked staff to finalize numeric placeholders for the warning (examples discussed included $35,000 for a new appraisal and $40,000 for capital items).
On taxes, one board member referenced an estimated tax increase in the discussion, noting a 4.7% figure presented when reviewing the draft numbers. Members agreed to meet again Jan. 22 at 5:00 p.m. to finalize the warning and budget documents ahead of the town meeting.
