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The Finance Committee voted 10-0 to concur with three FY2026 budget transfers totaling $635,000: $400,000 for winter maintenance, $200,000 for legal services, and $35,000 for the retirement assessment. The transfers address unusually high snow costs, elevated legal expenses, and a retirement-budget discrepancy, while the Town expects to return approximately $1 million to free cash.
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The winter maintenance transfer reflects 24 major snow events between December 2025 and March 2026 and will help cover overtime and road salt costs. The committee did not authorize the CFO to make additional transfers through July 15, choosing instead to meet on July 13 and retain the reserve fund as an alternative. Members also discussed continuing audit weaknesses, including water and sewer receivables and approximately $5 million in stale balances that the Town is working to resolve.
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