Town board adopts depositories, newspaper, procurement limits and mileage rate for 2026

The Town of Webb designated Community Bank (Old Forge branch) and Adirondack Bank (Old Forge branch) as official depositories and authorized the supervisor to open municipal savings and money market accounts and obtain certificates of deposit at the highest available interest rate. The resolution notes the supervisor may not use other investment media without town board approval.

The board selected the Adirondack Express as the official newspaper for 2026. It also adopted a procurement policy that sets the purchase limit without board approval at $1,000 for department heads, with emergency exceptions requiring supervisor approval. Separately, the board established the mileage reimbursement rate at $0.70 per mile for 2026.

Why it matters: These administrative financial decisions determine where town funds are held, how the town communicates legally required notices and the purchasing thresholds that affect departmental operations.

Next steps: The supervisor and department heads will implement the procurement and account-opening authorities in accordance with the board's policy.