During the discussion last Thursday about plowing of private roads, it was noted money was budgeted for the 2017-18 winter. While that is true, it is also sort of not true.The town goes two and a half months every year ( January 1st to March Town meeting) until the operating budget is approved.
The town operates on a calendar year, so money appropriated at our March town meeting is for that calendar year. The winter doesn't end on December 31st however, and neither do all the other expenses.We don't receive our first tax payment until six months into the year, so there has to be enough funds to carry us from January through June. Keep in mind that the county tax bill is due the end of December. Some municipalities have to borrow money and pay interest on Tax Anticipation Notes ( TANS) to meet their obligations.
The School District doesn't have this problem, as they are on a July 1st to June 30th fiscal year. Their operating budget is adopted at the Annual Meeting before the fiscal year begins.
There is certainly a case to be made as to why we should bring this back to the voters in the near future, not just to align with the school district, but with our cash flow.