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This article was published 2 year(s) and 8 month(s) ago

Money talks at Swampscott Select Board meeting

[email protected]

November 18, 2022 by [email protected]

In continuation of the finance committee meeting on Monday, to address some articles that were left untouched, the select board voted on Wednesday. More decisions were left to be made at the future planning board meeting. 

The select board came to an agreement with the Finance Committee, voting yes on article one, which was about relocating funds for salary reserves. 

Eric Hartmann, Chair of the Finance Committee did not feel like voting on Article four until they had a sense of the Free Cash balance on Monday. Due to this unknown amount, articles two, three and four were deferred at the select board meeting to report at the town meeting.

Article five, which covers capital, was discussed in order to allot appropriate funds to repair the town garage as a preventative measure that is not covered by the insurance, according to town accountant Amy Sarro. This improvement will prevent the right side of the town garage from collapsing like the left side did. With clarification, the select board agreed with the finance committee and voted yes. 

Article six was approved by the select board, and after receiving a favorable action from the planning board on article seven, they voted yes on the subject. For Article eight and nine, favorable action was recommended, yet they still await the planning board’s review.

Many decisions similar to the tax rate classification will be held until decision makers have a sense of the amount of Free Cash this year, which will likely happen at the end of November.

  • Sylvia@itemlive.com
    [email protected]

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