At the Annual Town Meeting, voters approved spending $500,000 in Capital Non-Recurring expenses, which have been spent and paying down short-term debt by $990,000.
The question as voted on, however, did not give specific permission to move the funds from the Town Fund Balance to these accounts. So, while the Town has made the purchases indicated, it has not moved the funds to the correct budget lines.
Board of Finance Chair Manfreda confirmed that in the event the Special Meeting does not approve the fund transfer, the Town will need to seek debt bonds to pay for the expenses. He described the December 5th meeting as "belt and suspenders" to ensure the Town is properly authorized to move the funds. The meeting will be on Dec. 5th, 6:30 p.m. at the Municipal Center Meeting Room A.