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Canaan budget adds to equipment and truck reserves amid aging fleet
Summary
The proposed FY 2026–27 plan increases the Heavy Equipment Reserve by $5,000 and the Truck Reserve by $20,000 to address aging equipment and rising replacement costs; the plan also includes maintenance funding for buildings at 107/108 Main Street.
The Board of Finance packet presented March 30 shows modest reserve boosts to address aging municipal equipment: a $5,000 addition to the Heavy Equipment Reserve and a $20,000 increase to the Truck Reserve. The presentation said these increases "reflect aging equipment and rising replacement costs," and the budget also includes $2,500 for maintenance at 107/108 Main Street.
Board members did not block the proposed reserve adjustments at the meeting but flagged general concerns about long-term replacement schedules and asked for updated revenue projections before formal adoption. No formal vote on reserve appropriations was recorded at the special meeting; the only recorded motion was to adjourn.
