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Jason Hoch reported to the Select Board that the town s free cash as of July 1, 2020, was certified by the Department of Revenue last week, effectively closing the books on fiscal year 2020.
 
The free cash approval for the general fund is about $1.3 million, which is up a bit from last year, Hoch said. I offer that just as a way of saying we made it through the fiscal year and the budget hits without dramatically impacting our ability to have flexibility for future hits in the general budget.
 
We basically get to free cash by spending somewhat below appropriations and having revenues that overperform. We ve been fairly consistent at this range the last few years, so it s certainly a good stable place. If that number starts getting higher, that would be a concern. And if it gets significantly lower, it really boxes in our flexibility. ....

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