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Hingham reported a total fund balance of $57.77 million, including $38.9 million unassigned, while the Select Board approved two alcohol-related licensing actions and other administrative measures.
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The board reviewed the town’s financial position as part of the annual budget and Town Meeting preparation process; the fund balance remained relatively stable from the prior year. It approved a one-day alcohol license for the January 10 New Year’s Bonfire and licensing changes for Main Street Market & Spirits, subject to state approval. The board also authorized Finance Assistant Town Administrator Katie Dugan to submit applications through the American Rescue Plan grant portal.
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