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Select Board signs annual highway financial plan, discusses FEMA match
Summary
The Stamford Select Board approved and signed the highway annual financial plan, reviewed summer/winter budget breakdowns and FEMA reimbursement rules, and noted a $16,000 allocation and a roughly $300-per‑mile local spending requirement.
The Stamford Select Board voted to sign the highway department's annual financial plan after a brief presentation and discussion of matching requirements and reimbursement mechanics. Board members described the document's summer/winter budget breakdown and that some projects will be 80% reimbursable (the board cited an example of 80% reimbursement for certain project costs). "They break it out into summer budget and winter budget... we have to spend at least $300 per mile," a member said while reviewing the front page of the plan.
The board moved and seconded the motion to sign the plan, and members voiced their assent. Staff noted the town expects grant reimbursements, including FEMA claims, and discussed how use of town equipment is treated in match calculations. The board signed the plan so the town can continue to qualify for state and federal road funding.
