0:00Central to the meeting was the detailed exploration of the financial shortfall, likened to a banking error, where a miscalculation rather than misappropriation led to the deficit. The board focused on how to rectify this situation, with Jen Thompson from Capital Strategic Solutions advising on the permissible use of Opera funds, which, despite restrictions like not being applicable for debt repayment or capital projects, could still be leveraged for general expenses.

A motion to address the Broadband Wi-Fi overage by reallocating funds from the general account was passed, followed by another to cover the stormwater management costs. Despite these reallocations, assurances were given that such actions would not adversely affect the meals for seniors program, though alternative funding sources would be necessary.

A significant portion of the deliberations was dedicated to the urgency of resolving the $277,000 budget gap, made up of trash revenue shortfalls and a budget error. The Department of Revenue had recommended alternatives like budget cuts or using stabilization funds, but given the time constraints, reallocating Opera funds was deemed the most practical solution to ensure timely tax bill distribution and avoid cash flow issues.

22:02This led to a reevaluation of figures initially suggested by the Department of Revenue, which estimated revenues between $250,000 to $350,000.

The board then considered the town’s financial reserves, noting a reduction in the stabilization fund by $136,000, leaving approximately $1.1 million, equating to around 6% of the annual budget. Concerns arose about the impact on the town’s bond rating and borrowing capabilities, leading to discussions on strategic allocation of free cash to support essential services while maintaining fiscal health.

Proposed budget cuts for fiscal year 2027 included reallocating funds for an HR manager and reducing the Wellness program’s budget by half, from $30,000 to $15,000. The board emphasized the importance of maintaining essential services despite these constraints. Concerns were particularly pronounced regarding the reduction of meals provided to seniors, which had already decreased from five to three days a week due to previous budget limitations.

As the meeting progressed, the conversation shifted to funding specific positions, such as the conservation agent, and the broader implications of potential cuts. The need for a special town meeting was suggested to address funding gaps and facilitate necessary reallocations.

43:41Further discussions included addressing changes in funding allocations for community services, notably the roles of the wellness coordinator and HR manager. A proposal to reallocate $278,632 to cover immediate needs through adjustments in various budget line items was ultimately agreed upon by the board.

Additionally, Sandra Lord addressed the board, expressing gratitude and noting the efforts of town committees. She attempted to discuss a specific ARA project but was informed it was not on the current agenda. Updates from the Town Administrator included the announcement of a local middle school production of “Frozen Jr.” and a reminder of the next Select Board meeting set for December 17.