Board of Finance (Quarterly Review Meeting) - 5/19/2026

The FairTV Government Board of Finance held its quarterly review meeting on May 19, 2026, covering a broad agenda including updates from nonprofit agencies, pension fund status, school district financials, and town budget results. Several nonprofit organizations presented their funding needs and program impacts, with discussions focusing on their budgets, funding sources, and requests for town support. Notably, the Mil River Wetland Committee reported receiving about $70,000 annually, including $30,000 from the Board of Education on a per-trip basis. The Connecticut Audubon Society highlighted a $42,200 town funding request and a $7 million capital campaign for rebuilding their nature center, seeking potential town contributions. LifeBridge Community Services detailed their mental health services funded partly by the town, covering uninsured or underinsured residents. The meeting also included a detailed discussion on the Dwight School building project, focusing on state reimbursement rates, budget adherence, and construction timelines, with concerns about potential cost overruns and reimbursement uncertainties. The board approved the reappointment of the town auditor under contract number 141,000, noting the need for a new RFP soon. Financial reports showed a projected town surplus and pension fund status updates, with discussions on budget management, non-lapsing accounts for special education and transportation, and revenue from new speed camera enforcement programs. The board also addressed concerns about potential financial impacts from proposed zoning changes affecting parking requirements in residential developments, planning a special meeting to discuss these issues with town planning officials. Overall, the meeting involved multiple procurement-related discussions on nonprofit funding allocations, capital improvement projects, contract approvals, and budgetary oversight to ensure fiscal responsibility and transparency.