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Town council approves proposed 5.4% spending increase; Dr. Foley urges community to vote
Summary
Superintendent Dr. Foley reported the Town Council voted 5–2 to approve a proposed 5.4% expenditure increase and said a community vote is scheduled for June 10; she encouraged community turnout and described the district's stable finances with an expected year-end balance over 2%.
Superintendent Dr. Foley told the board the Town Council voted 5–2 to approve a proposed 5.4% expenditure increase and that the next step is a community vote set for June 10. "I encourage the community to come out and vote and have your voice heard on that," she said.
Dr. Foley said the district remains in a stable financial position and anticipates closing the year in June with a positive balance potentially exceeding 2 percent. She cited approximately $150,000 in undesignated fund balance from the last audit compared with a $0 balance at the same time last year, which she described as gradual improvement in the district's financial health.
