Why are the Town's savings for capital projects smaller than they were two years ago?
$15Mlevy capital reserves in the January 2026 slides, against $24.0M projected for January 1, 2024
A reserve is money a town sets aside for later, such as replacing a road or a pipe. The Town's January 2024 slides projected $24.0M in levy capital reserves (the money raised from property taxes) and $15.9M in levy operating reserves for January 1, 2024. The January 2026 slides show $15M in levy capital reserves and $15.1M in operating reserves. The 2026 slides say reserves are starting to trend downwards even though contributions have increased slightly, and the 2025 budget used $2.7M of reserves. The two sets of slides may not count exactly the same things, so the drop is not a measured loss. We did not find a table of year-end balances in the documents we could read.
Found by reading the town's own documents · 3 sources