Unanticipated expenses affect budget bottom line

Wilton Chief Financial Officer Sandy Dennies presented the Board of Selectmen with a 2015 fiscal budget status report at its meeting on Monday, June 15. She was concerned about the town ending the year in the black.
According to Dennies, a number of things have happened that were not budgeted, specifically:

  • Workers’ compensation claims,

  • The lifts in the town garage needing to be replaced,

  • Lead contamination in the police department building,

  • Early retirements.

Revenues are good, she said, noting 100.98% of revenues have been collected on the original budget. Tax collection is on target at 100.26%.
“The only thing that I sincerely think we should be continuing to watch are the unanticipated retirements because of the contract requirements to pay out remaining vacation time,” Dennies said.
The fiscal year ends June 30.