Tropical Storm Irene Blew Through and Left $215,000 in Debt
The board of selectmen voted to deficit spend $215,000 to cover costs related to Tropical Storm Irene.
When Hurricane Irene blew through in late August, she left $215,000 of debt in her wake. The Department of Public Works incurred all but $15,000 of this debt; $125,000 to repair the retaining wall on E. Main St., and $75,000 on overtime pay. The fire department incurred $11,000 and the police department $4,000. According to Temporary Finance Director Suzanne Marchand the town is able to deficit spend this amount until it is determined if the money needs to be borrowed at the end of the fiscal year. "By approving the request to fund emergency expenses you are allowing me to deficit spend to pay the bills," Marchand said. "You (the town) then have until June 30 to determine whether or not to borrow." It is expected that either or both the …
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