WATERFORD — Residents at Saturday’s annual town meeting authorized the Select Board to establish a disaster recovery fund in response to the severe storms this past winter.
More than 90 residents attended the meeting, Town Clerk Brenda Bigonski said, and all 66 articles on the warrant were approved.
Road damage in town was estimated at $2 million, according to the warrant. The town has applied for and expects to receive disaster recovery funds through Federal Emergency Management Agency, which should pay up to 90% of the costs. A note accompanying the warrant added that the town borrowed $100,000 from the Forestry Account, which is expected to be repaid once the disaster money is received.
To cover future funding gaps caused by severe weather, voters authorized the board to borrow up to $1 million from a financial institution.
“The monies will only be used in direct support of disaster damage and shall not be used for enhancements or nonrelated expenses,” according to the warrant.
The $2.2 million budget increased slightly this year, and the property tax rate is expected to rise from $15.60 per $1,000 of assessed value to $16.30, Bigonski said.
Selectman Jamie Toohey, running unopposed, was reelected for another three years.
Copy the Story LinkSend questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.