Approve Town Financial Reserve Policy - YES

Fiscal responsibility was one of the core values I campaigned on when I ran for Town Council in 2018, and codifying an official reserve policy—requiring the Town to keep a rainy day fund—was a key part of my platform.


Tonight, I couldn't be more proud to vote yes on adopting that policy. We took another big step forward for good governance by adopting a policy requiring the Town keep an operating reserve fund of 20% (equal to about 2.5 months worth of operating budget, and double our current reserve), codifying our unofficial Sales Tax Reserve Fund of $2.5 million, and setting up a system for automatically reinvesting savings or surpluses in paying down our pension debt.

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