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Welcome to the Bolton RTC Website! |
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2008/09 Budget for May 13 Referendum By James Bruner The Board of Finance (BOF) this year decided to follow a different path regarding the initial 2008/09 budget that will be sent to the voters for the first referendum. Historically the BOF has only made minor adjustments to the requests submitted by the Board of Education (BOE) and the Board of Selectmen (BOS). The BOF understands that the other elected officials spend a lot of time and effort preparing their budgets with the intent that these requests will move forward to the voters. This process in the past has allowed the boards the opportunity to rally their supporters to help pass the budget. This practice has led to first round tax increases of 7.0, 9.3, 9.0, and 6.2% for the past four years. It has also resulted in the budget frequently taking 4 referendums for passage. The challenges
this year are greater than normal. The The BOF decided to take a more aggressive approach, after analyzing all this information, for referendum #1 by reducing the expenditures requested by a total of $401,835. Education was reduced by $200,000 and the Selectmen by $201,835. Copies of the budget are available at the Town Hall for those interested in more information. The referendum will be held on Tuesday, May 13, 2008 at Town Hall between 6AM and 8PM. Please take the time to vote. (Note: The
opinions expressed do not necessarily reflect the views and perspectives of
the BOF or the |
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Our State |
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The Nation |
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RTC Blog (New!) |
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Debt Culture The media these days is
dominated by countless news stories of home foreclosures, high credit card
balances and general indebtedness of our citizens. Is this indebtedness
influenced by excessive spending in As an example, the average In the recent past the Town borrowed
money after approving purchases for the Rose farm, the 21-acre Pistritto
property and a new fire truck that resulted in a bonded debt level of $5
million. In order to make needed repairs to the library, town hall, athletic
fields and schools in 2007/2008 the town borrowed more money. The debt per
capita is $989, according to the Town auditor. What’s the answer to our dilemma?
Expanding the grand list as a result of providing sewers for the Rt. 44
corridor is years away, so the answer probably is 1) become more frugal by
making tough choices, 2) borrow more money, or 3) a combination of the two.
The value of frugal choices is that it will provide an incentive for
volunteerism and fund raising to provide some of the Town needs. The purpose of this information is to inform |
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The Future of the
The
process to find a fix for Town Hall has been going on for over 8 years. The time has come for the community to support an affordable
and long-term solution for the needs of municipal government. For
many years the focus has been on renovating the A chronology of
events related to plans for the future of the |
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Public
Hearing Concerning Town Charter Revision
BOLTON – The
Board of Selectmen held a Public Hearing at 7:00 p.m. on Monday, December 3, 2007 to
hear comments on the draft revisions to the Town of |
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Bolton Considering
High School, Town Hall Expansion BOLTON – A public meeting was
held Wednesday, August 1, 2007 at the |
Do Higher Taxes Make for a Better Economy?According to the Wall Street Journal, data show that states that have reduced taxes fare better than those that opt for tax hikes. [read more] |
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School Capital Fund Ordinance Approved The Board of Selectmen has approved the proposed School Capital Fund Ordinance. The ordinance establishes a special fund to be known as the School Capital Fund. The fund will be used in whole or in part to fund school capital expenditures including: the acquisition; erection; expansion; installation; improvements; renovation; and replacement of facilities and equipment. In addition, the fund may be used in whole or in part for repayment of debt service associated with school building projects. The wording of the ordinance may be reviewed HERE. |
Bolton
Republican Town Committee Members The following citizens of |
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