Committee Backs $300,000 for Long-Term Capital Stabilization Fund

Article 4 proposes a $300,000 appropriation to the town's long-term capital stabilization fund for large ticket capital projects. Finance staff explained the fund has been used for items such as school and fire-department equipment and that adding $300,000 would bring the account to roughly $1,300,000.

Members suggested clarifying the rationale to state the objective of reducing reliance on future borrowing and smoothing tax impacts by building a dedicated capital reserve. The committee voted 7–0–0 to recommend the article and requested exact account balances be inserted in the final rationale before sending materials to the select board.