Why does the 2026 budget count on $1,375,424.80 from reserves and last year's surplus?
$1,375,424.80from reserves and the 2025 surplus in the 2026 budget, out of $6,233,133.32
The Town's 2026 budget pays for about 22 cents of every dollar of its own spending from money saved in earlier years (reserves, which are savings set aside for later) and from the 2025 surplus. The same budget also puts $967,195.00 into reserves. Worked out by us: the difference ($1,375,424.80 minus $967,195.00) is $408,229.80 taken out, net.
Found by reading the town's own documents · 3 sources