NEWTOWN — The Board of Selectmen, meeting Monday, October 4, unanimously voted to allocate $2.5 million from American Rescue Plan Act funds to the ventilation and HVAC project at Hawley Elementary School.
First Selectman Dan Rosenthal said the work fits within the parameters set for funding use.
That project will go to referendum on November 2 at total of $8 million; if rejected there, the town would have the option of using the $2.5 million in another way.
Selectman Jeff Capeci asked why the recommendation was being made now and Mr. Rosenthal said he would like voters to understand the intent as a practice of transparency.
In other business, Finance Director Bob Tait reviewed the combined town and education proposed Capital Improvement Plan for 2022-23 to 2026-27, which will go to the finance board.
He will prepare a 10-year debt forecast for that meeting and commented that some bonding might be offset by grants.
The annual debt is at or below 8 percent.
Mr. Tait will create financial statements for December.
He said that revenue from building permits is doing well and revenue from conveyance fees is currently at $300,000; the budget assumed $600,000 for the fiscal year.
The town audit is moving forward and the finance director feels the process is going well.
He anticipates that process will end in November.