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Bookkeeper says preliminary budget stays under tax cap; board reviews cash and reserve balances
Summary
Town Bookkeeper Amy Kretser reported the preliminary budget remains under the state tax cap; the board reviewed cash reports showing $691,480.94 in checking and $340,536.35 in savings reserves.
Town Bookkeeper Amy Kretser told the board that the preliminary budget is under the state-imposed tax cap as the board continues work on final figures for the coming year. The statement appears in the minutes as: "Miss. Kretser stated that with the preliminary budget in place, we are under the Tax Cap."
The board reviewed the October cash report and reserves. The minutes list account balances that, when combined, total $1,670,231.56 across checking ($691,480.94), money market ($638,214.27), and savings reserves ($340,536.35). The minutes include a month-by-month table of prior-year and current-year balances for context but do not present a final adopted budget at this meeting.
