Record Free Cash Level Likely To Lower Override Dollar Ask

Photo: Free cash isn’t free The holidays came two months early to Belmont Town Hall as the Massachusetts Department of Revenue certified the town’s fiscal year 2020 free cash account – officially known as the Unreserved Fund Balance – at $11,239,464, a record high level for the budget line. “The free cash amount this year […]

Boost In Free Cash Likely To See Belmont Avoid A Spring Override Vote

Photo: The money is rolling into town’s free cash coffers (Wikimedia Commons, the free media repository) Belmont Treasurer Floyd Carmen is fond of repeating a cautionary catchphrase when speaking about the town’s unrestricted fund account. “Free cash isn’t free,” says Carmen. While it may not be free, by bringing in a robust $8.1 million in […]

Town Meeting Amendment Challenges Belmont Center Project Financing Plan

Special Town Meeting just got a whole lot more interesting. Rather than the option of simply accepting or rejecting the financing plan for the $2.8 million Belmont Center Reconstruction Project, the 290 Town Meeting Members now have an alternative to the town-created “free cash” proposal. Read the project’s highlights here James Williams of Glenn Road and Precinct 1 submitted […]