Minot Budget Committee endorses municipal budget

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MINOT — The Budget Committee voted Thursday night to endorse the $1.6 million municipal budget proposed last month by the Board of Selectmen.

The committee opted against recommending an article that would have raised $2,500 for Minot Community Day, and made no recommendation on an article to raise $2,950 for five charitable organizations.

Selectmen, who also have not made a recommendation on the second article, have left it to voters to decide the amount at the March 2 town meeting.

Matthew Callahan, chairman of the Budget Committee, asked that the article to replace fire engine No. 8, a pumper truck, include that the town would “raise and appropriate an amount not to exceed $425,000, plus interest.”

Callahan said the article should include the phrase “plus interest” to ensure enough money is allocated.

Earlier this week, selectmen signed an agreement with Androscoggin Bank to borrow the principal amount of up to $425,000, at an interest rate of 4.19 percent, upon approval of the warrant at the town meeting.

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