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 […]