At the May 6 Town Council meeting, the Council unanimously approved the Town’s tentative budget for the upcoming fiscal year. Key highlights include:
A structural surplus of at least $700,000 in the Town’s operating fund.
Continued investment in public safety programs and aging infrastructure accounting for 2/3rds of the Town’s anticipated $12.5 million in FY25/26 expenses.
Capital reserves remain at record highs, exceeding $15 million.
The Town is strategically managing these critical reserves, using best practices—particularly in its street maintenance program, which represents both its largest asset and financial liability.
Overall, the fiscal and physical health of the community is stronger than ever.
Click the links below to watch the tentative budget presentation or review the presentation materials.
To learn more about the Town’s conservative financial management, sources of funding, and how those funds are invested in the community, click on the program-based budget link. To navigate specific areas of interest, please refer to the table of contents.
Watch Full Video
View Final Budget
To view the program-based budget, watch recordings of each budget workshop, or access supporting materials, click HERE.
Next steps in the budget process is final adoption at the June Council Meeting (Tuesday, June 3). The new fiscal year begins on July 1.