$20 Million in Cash Reserves

During the meeting about Capital Projects next week there will be discussion about the funding sources to pay for the $13 Million in projects that are proposed for this year. Among the suggestions are the idea that we TAKE ON DEBT to pay for some school roofs, an ambulance, and pool renovations. I just wanted to share some of the money that we have sitting around...OVER $20 Million. So I'm wondering, why we need to take on debt for the full amount of these projects. Seems like we should be able to pay for at least some out of the $20 Million that we have sitting around.

Note: The balances shown in the chart below are approximations gleamed from information available. Unfortunately, the town does not regularly publish the balance of these funds.