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Village adopts conflict-of-interest policy to align with ABO guidance
Summary
Trustees adopted a conflict-of-interest policy consistent with ABO requirements for IDA oversight and village practice; discussion emphasized disclosure and perceptions of conflicts before the policy was approved by vote.
Trustees considered and adopted a conflict-of-interest policy, which staff said aligns with requirements from the state authorities budget office (ABO) for entities such as industrial development agencies and reflects typical village and town practice to promote transparency.
Presenter discussed the policy’s focus on disclosure, noting "Lots of times, just what you have to do is expose that you might have interest." Trustees asked no further questions and moved to adopt the policy, which passed by voice vote.
