I. Council Action Requested.
Title
To authorize the transfer of $6,076 from general contingency account 19910-43100 to the property tax assistance program account 18300-46930.
Body
II. Basis for Council Action.
Council approval of this item is required because;
a. Pursuant to Article 19 of the 2024-2025 Municipal Warrant which authorizes the Town Council “to transfer any unencumbered appropriation balance or portion thereof between general classification of expenditures between any offices, departments or agencies during fiscal year 2024-2025”, and
b. The order seeks the transfer of funds from General Contingency to offset the senior tax assistance program fund.
III. Issue Summary.
The fiscal year 2024-2025 authorized the appropriation of $160,000 for the fund. The Town received 282 applications resulting in refunds of $166,076. We continue to have more residents participating each year.