Are You in Florida for Spring Training? Come meet Globe Sports Writers Nick Cafardo and Peter Abraham! Click for more info.

Celtics Live



1st Quarter 10:47


Auditor sees progress

Continue reading below

Bridgewater has made significant progress on its financial position since 2009, according to independent auditor Tony Roselli, who presented the fiscal 2012 audit to the Town Council Sept. 3. The town has budgeted more conservatively, made some cuts, and approved an override of the Proposition 2½ tax-limit law, he said in an interview. Combined with the beginning of an economic recovery, those actions have helped Bridgewater eliminate its deficit and establish reserves of about $2.2 million, he said. The town’s reserves total about 5 percent of the budget, a benchmark considered the minimum acceptable by credit-rating agencies, said Roselli, a partner at Roselli, Clark & Associates in Woburn. Selection of the treasurer-collector, a job that was recently converted to an appointed position, will be key to the town’s financial future, he said. The new treasurer-collector should have municipal experience, not solely a finance background, he said.

Loading comments...

Wake up with today's top stories.

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