SAUGUS – While Kasabuski Arena remains the fly in the ointment for Town Manager Andrew Bisignani, he told the Finance Committee that the good news is the town has had a very good year.”Kasabuski is the bad news,” he said referring to the troubled ice rink he is still struggling to sublease. “We’ve done a 180-degree turn from last year.”Bisignani said it was just one year ago when the town was on the cusp of state intervention, the Department of Revenue was watching every financial step and the town coffers were not only bare, but in deficit.Wednesday, Bisignani told Fin Com the town not only has the resources to take care of the nearly $850,000 Kasabuski deficit, but it can also pay the $950,000 Metropolitan Vocational School tuition and quite possibly still have free cash left over.According to Bisignani, the town has $1.34 million of unappropriated, unused levy capacity that he plans to ask Town Meeting to tap to pay for the vocational school tuition.”Our budget in June was not to the maximum levy, it was $1million short,” he said. “When we did the budget, I knew we’d be faced with Kasabuski and I wanted to leave room for that.”Bisignani said he knew he’d eventually use the untapped levy; it was just a matter of if it would go toward paying for Kasabuski or the vocational school.The Kasabuski debt, if necessary, can be paid through savings realized when the town joined the state’s health plan, Group Insurance Commission.In 2007 when Bisignani first discussed joining the GIC, the thought was the town might realize a $375,000 savings in the first year. That estimate has more than doubled.”It was a wise move for us to jump into the GIC,” he said. “The surplus is just about the number we need for Kasabuski and we won’t have to dip into the budget.”Bisignani said on top of all that, he thought the town would also end up with between $400,000 and $500,000 worth of free cash.Finance Committee Chairman Robert Palleschi said “free cash” was something he’d not heard in nearly five years.According to Bisignani there is roughly $125,000 in uncertified free cash on the town side and the School Department turned back $268,000 last week. The funds represent budgeted money that went unspent. It must, however, be certified by the state before it becomes free cash and the town is allowed to appropriate it or save it for a rainy day.Bisignani said he plans to call a special Town Meeting for late September.”We will fully fund the voke and once we address Kasabuski we’ll have reached a point of stability,” he said.That made Palleschi smile, “That’s a nice word, stability.”