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Chair outlines tentative budget; insurance and retirement costs remain unknown
Summary
Meeting leaders presented a tentative budget that largely mirrors last year's adopted budget, but flagged unknown insurance and retirement costs ahead of next month's public hearing.
The Chair presented the town's tentative budget and said it largely mirrors the prior year's adopted budget, but cautioned that two major cost items remain uncertain. "We don't know yet our insurance costs. We don't know our retirement cost," the Chair said, adding the meeting should have clearer figures by next month's public hearing on the preliminary budget.
The Chair said the document before attendees is the tentative budget, not a preliminary budget, and invited questions from the public. He also noted a pending community vote on library spending that could change a budget line: "We didn't even put a number in there this year because of the vote for the increase in the library," the Chair said. The chair indicated the financial impact of that vote will be known only after it occurs.
