Photo: Town Meeting in Belmont, 2017.
Town Meeting can see the light at the end of this year’s tunnel.
After speeding through the first half of the financial articles on Monday, June 5, Belmont’s annual Town Meeting will only have seven articles remaining on this year’s warrant as it reconvenes tonight, Wednesday, June 7 at 7 p.m. at the Belmont High School auditorium.
Wednesday’s agenda includes approving the actual town and school budgets along with nine transfer payments to meet some operating expenses before the town’s legislative body takes up a citizen’s petition to transfer $1 million from free cash – the town’s piggy bank – into the General Stabilization Fund which was established after the 2015 Prop. 2 1/2 override.
It should be interesting to hear the debate on whether to set aside savings for the GSF that will hopefully defer a future override request versus those who believe the town needs the flexibility of free cash to pay for other needed projects and expenses such as modular structures for the schools and town functions.
Another debate is expected on the final four articles concerning voting for additional funds to retirees and their survivors which will add up to a substantial expenditure in future years.
Also on the agenda will be a report from Kathy Keohane, chair of the Library Trustees, who will be delivering a short report on the feasibility study for a new Belmont Public Library. You can follow along with the report by downloading it here.