Preliminary Town Budget Has $42K Surplus
Considerable savings to be realized in coming fiscal year on health insurance and other items, allowing a small town surplus. Links are included to previous articles on the town budget process.
Town officials are weighing a 2.9% budget increase for the town as they head into the new fiscal year. At a selectmen's meeting earlier this week, Town Administrator Bill Gustus delivered a presentation on the various budget items that Lynnfield residents will consider at the April town meeting. Overall, the preliminary FY '13 budget calls for $43,025,890.36 in total expenditures, on $43,068,313.79 in revenues. This would amount to a surplus of $42,423.42 for the town - a pleasant contrast to the Prop. 2 1/2 override and layoff worries that characterized the process last spring. A couple of factors are helping the town save on costs in the coming year. First, last year's deal on health insurance costs for town employees managed to do more …
William Laforme
7:21 am on Friday, March 9, 2012
Good morning Vincent. If somebody remotely cares about this disreputable business, I will be sure to let you know. But don't hold your breath. more ›