Episode 14: Understanding The Town's Budget -- A Guide for Residents
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Episode 14: Understanding The Town's Budget -- A Guide for Residents
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In this episode of Entering Tyngsborough, Town Manager Colin F. Loiselle breaks down the town's budgeting process, highlighting the importance of public engagement, financial planning, and transparency. He explains how the budget is developed, the key revenue sources, and how funds are allocated—especially in critical areas like education (67% of the budget) and public safety.Loiselle also discusses the town’s long-term financial strategies, including managing road maintenance costs, handling budget constraints, and balancing growth with fiscal responsibility. With insights into the Town Meeting approval process, free cash allocation, and the impact of state and federal funding, this conversation is a must-listen for anyone interested in local governance and community involvement.🔹 Key Topics:✔️ How the town budget is created and balanced✔️ The impact of education and public safety funding✔️ The role of residents in shaping fiscal decisions✔️ Strategies for long-term financial stability✔️ Road maintenance funding and creative revenue solutions