Board of Finance (Regular Meeting) - 6/2/2026

The FairTV Government Board of Finance held a regular meeting on June 2, 2026, focusing primarily on fiscal and procurement matters. Key procurement discussions included the approval of a $68,636 appropriation for purchasing a Madvac litter vacuum, funded by the NIP fund, which is derived from alcohol container revenues. The board unanimously approved this purchase to improve municipal litter cleanup efficiency. Additionally, the board reviewed and approved the transfer of $1.1 million in speed camera revenues to a newly created standalone department to better track related revenues and expenses, with plans to report quarterly on these funds. The board also set the mill rate for the fiscal year 2026-2027 at 19.19, considering a high tax collection rate of 99.16% and additional state grant funding of approximately $942,000. Discussions included the impact of property tax appeals on assessed values and the need for a post-mortem review of the recent revaluation process. Finally, the board debated scheduling a special meeting to discuss parking mitigation and development issues related to state law compliance, ultimately agreeing to plan a future meeting with prepared questions and presentations from relevant town officials. No new contracts or RFPs were awarded during this meeting, but several budget allocations and departmental reorganizations were approved, reflecting ongoing municipal procurement and financial management activities.