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Article: Balanced budget headed to town meeting; Fincom favors dipping into rainy day' fund
- Article from:
- The Patriot Ledger Quincy, MA
- Article date:
- March 23, 2006
- Author:
CopyrightCopyright 2006 The Patriot Ledger Quincy, MA. Provided by ProQuest LLC. (Hide copyright information)
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The Patriot Ledger
A balanced fiscal 2007 budget awaits town meeting approval April
1, but a Proposition 2 override could be waiting in the fiscal 2008
wings.
A year ago, Town Administrator Kevin Donovan described the
proposed budget as being "balanced on the head of a pin." The $31.3
million spending plan for next year is no different.
With fixed costs up $1.6 million, and with a possible $700,000
deficit looming, the finance committee was prepared to ask voters to
approve an override.
Selectmen worked with Donovan to balance the fiscal 2007 budget by
taking money from the stabilization fund.
Selectmen Chairman Paul Gallagher said an override would have put
too big a burden on taxpayers in ...