Select Board Meeting, April 25. The Select Board discussed the budget process. The State notified the Town,Thursday, April 20, there would be a reduction in state funding, which has created a deficit of $81,404.65 for the town. The warrant for the Annual Town Meeting was posted, therefore, the decision was to present the following at the ATM:
Amend Article 3: bottom line would be $269,918.00, a reduction of $21,404.00.
Amend Article 24 and Article 25: to be tabled until a later date and time.
This will allow the town to have a working budget. The issue of funding the deficit will placed before the Town at a later date. If the State does not provide more funding the townspeople will be faced with a tough 2 ½ override vote at a later date. The tax rate for FY’2007 cannot be set due to the deficit. by Brenda Smith
Wednesday, April 26, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment