Could this be part of the financial problem?

On the expense/revenue spread sheet presented to town meeting in the spring of 2016, for the fiscal year of 2017, motor vehicle excise tax was represented as $1,110,000.00. On the fiscal year 2017 tax recap sheet, motor vehicle excise tax is represented as $1,000,000.00.

Now, on the 2nd quarter Templeton financial report, approved by Carter Terenzini, interim town administrator, it shows motor vehicle excise tax as $1,110,000.00, indicating that is the expected revenue available to support expenses. Question is, which is correct? the number on the local report or the number sent to the DOR/DLS?

Information is gained from documentation that one town employee calls "people in the know"

This is financial information that may affect town finances through June 30, 2017 and possible beyond. You should know this information.

posted by Jeff Bennett