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Town reports $2.5 million in general fund, budget spending rates discussed
Summary
Chair reported the town has about $2,500,000 in the general fund, with the town having spent $178,000 (25.48% of the annual budget) and highway spending $363,000 (29.3%). The report framed the town as 'sitting pretty' financially.
The chair provided the town's financial update, reporting that the general fund balance is approximately $2,500,000. He said the town had spent $178,000 (about 25.48% of its annual budget) and that the highway department had spent $363,000 (about 29.3%).
The chair described the figures as favorable, stating the town was 'sitting pretty' given the current spend rates. No changes to budget policy or transfers were proposed at the meeting; members acknowledged the report and moved on to other agenda items.
