On August 10, 2016

A Killington riddle

Dear Editor,
This riddle is about our town finances.
Article  3 from the March 2015 Town Meeting stated: “Shall the voters approve total general fund expenditures for the 18-month budget beginning January 1, 2015 through June 30, 2016 of $6,282,554 of which $243,550 shall be applied from the 2014 general fund balance, $3,732,950 shall be raised by property taxes, $2,082,277 in estimated non-property tax revenues, and $223,778 in estimated FEMA/Flood reimbursement?”
According to the Select Board Meeting Aug. 2, 2016, item no. 7, “June 2016 financial reports and year-end closeout,” the board stated our expenses were $250,000 less than budgeted and our revenue was $45,000 more than budgeted.
So if we received in more than we budgeted and spent less than we budgeted, then why did we need to borrow $900,000 at the end of June? Could someone please answer this riddle.
a. We’re actually in debt
b. It’s  a cash flow problem
c. The select board is confused
d. All of the above
Jim Haff, Killington

Do you want to submit feedback to the editor?

Send Us An Email!

Related Posts

Closing schools doesn’t fix Vermont’s education affordibility problems

October 30, 2024
By Margaret MacLean Editor’s note: Margaret MacLean, of Peacham, is a retired Vermont teacher and award-winning principal. She is the founding executive director of the Vermont Rural Education Collaborative, a past employee of the Rural School and Community Trust, and served on the Vermont State Board of Education.  Roxbury parents can meet most of the…

Making Vermont a place working families want to call home

October 30, 2024
By Rebecca Holcombe Editor’s note: Rebecca Holcombe is a Vermont Representative from Windsor-Orange 2 who served as the Vermont Secretary of Education from 2014 to 2018. Vermonters suffer from unsustainable increases in the cost of everything from property taxes to healthcare. Too many people are working hard and stretching Social Security checks but still worry…

Don’t be fooled by false promises

October 30, 2024
Dear Editor,  There is no simple solution to the challenges that Vermonters face. There needs to be a delicate balance between what, on the surface, seems like appealing short-term solutions to the cost of living for all Vermonters versus the vision for long-term planning that creates financial stability and growth into the future.  Do not…

Context matters

October 30, 2024
Dear Editor, In an October 23 letter to the Mountain Times, Steve Berry wrote, “John Kerry stated at a World Economic Forum panel, ‘Our First Amendment stands as a major block (to getting things done).’”  You may wonder why Mr. Berry uses such odd syntax, placing part of the quote in parentheses. Maybe it’s because…