Thanks to a comment provided by a reader - Eddington's fiscal year is February-January. Makes it that much ??? that at the Annual Meeting we will be asked to authorize the Selectmen to borrow up to twenty-five percent of their projected budget BEFORE we ever get to approve it - when the Annual Meeting is before the end of March - two months into the new fiscal year.
Maybe that's reasonable, but considering the state of how the budget is planned - with no consideration of how the voters who attend the Public Hearings feel - it is rather disconcerting.
Annual Meeting - next Tuesday night - the 24th - at the Eddington School - at 7pm. Wouldn't it be great to have more than 400 people who actually voted in attendance.
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Something else I discussed with Russell when I met with him was why there are not two tax due dates to spread the income throughout the year a little more evenly and avoid any potential borrowing situations (not to mention probably make it easier on residents to pay two smaller chunks). I asked this in relation to the whole "borrowing" thing on the warrant. I asked if the town had ever had a need to borrow and the answer was NO, not in his 7 (I think it was 7) years as manager. In answer to the tax due dates, he said it was something they've looked at but hadn't felt a need to move to.
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