You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.


Town budget in the black

Continue reading below

Town Administrator David A. Colton has released a preliminary budget memorandum and a summary of the town’s financial condition, and has held two public meetings to explain them. The bottom line, according to Colton, is that the town has made the needed cuts over the past several years and finished fiscal 2011, which ended last June 30, in the black by $510,193. He credited “careful estimation of revenues by the financial team, disciplined management of spending by department heads, and reasonable settlements of collective bargaining agreements with our employees.” The town reorganized departments and also adopted a local option meals tax of 0.75 percent, bringing in $442,802 since 2009. Total operating revenue for fiscal 2013, which begins July 1, is projected to be $68,296,681, up 2.13 percent from the current fiscal year. Expenses are projected to rise to $69,115,857, or 3.36 percent. The town and School Department continue to work on final budget submissions. - Steve Hatch

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of