Sunday, November 24, 2024

 Templeton financial management policy stating 67% of free cash goes to the administrator to spend has got to go. It needs to be adjusted to zero. Stop using free cash to fund things such as assessors revaluation, free cash is one time funds that change with each year, those funds need to go into the various stabilization funds the town has. Putting less money into those funds means less money put aside for things such as building upgrades, savings, money to pay for capital projects. Town also needs a real capital plan inline with the town bylaw. Free cash can no longer be a shopping fund for town employees.