Budget Watch: Does Norwich need a capital plan?
The Town’s need for a capital plan was on display at the Selectboard meeting on May 27. The Town Manager reported that Norwich will likely need to borrow money to repair the box culvert on Route 132 and to replace an aging dump truck. These expenses are not covered by sufficient reserves in their respective designated funds. Ad hoc decisions by the Selectboard on the financing of significant expenditures is not a preferred approach. Financial experts suggest instead a capital Continue reading Budget Watch: Does Norwich need a capital plan?