Hidden Good News: FY 25 Closes With Nearly $1 Million ‘Surplus’
Officials buried the lede in presenting Norwich’s unaudited financial results for the fiscal year ending June 30, 2025. Missing headline: The Town has nearly $1 million more in surplus money than expected. The Town Manager’s August report overlooked this significant good news, and the Selectboard failed to highlight it in their review. By the numbers. The numbers are clear. Our town ended the fiscal year with approximately $972,000 more on hand than projected when the property tax rate was set Continue reading Hidden Good News: FY 25 Closes With Nearly $1 Million ‘Surplus’