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Avon finance report: revenues up, town records $500,000 URAA reimbursement
Summary
Town Manager Tom DiStasio told the Board the town’s revenues are modestly ahead of last year, collection rates exceed 99%, and the town received another $100,000 in March under prior obligations—bringing URAA reimbursements to $500,000.
Tom DiStasio, Avon’s town manager, presented the monthly financial report for the period ending March 31, 2026, and said overall revenues are trending slightly better compared with the same time last year. He noted the current property tax collection rate is just over 99%, up from 98.7% a year earlier, and that building permit fee and interest income lines remain strong.
DiStasio highlighted reimbursements tied to the town’s previous Uniform Relocation Assistance Act obligations: “we did receive another $100,000 in March bringing the total to $500,000,” he said. He told the Board town operating expenditures are at about 75% through nine months of the fiscal year, a pace he described as “pretty tight” but consistent with prior years. The presentation materials attached to the minutes show an unassigned general fund balance of $17.5 million (about 15.6% of the 2026 adopted budget).
