Granby Drummer (https://granbydrummer.com/author/michael-b-guarco-jr/)
Like any household or business, the Town of Granby has its share of physical assets to protect and maintain. Whether it’s buildings at the Town Hall complex, plow trucks, schools or Salmon Brook Park, there are millions of dollars’ worth of physical plant, rolling stock and infrastructure that we as a town have the responsibility and obligation to manage and maintain.
With winter winding down and spring upon us, the budget process is in full swing for fiscal year 2026 (July 1, 2025 through June 30, 2026). An important aspect of the budget process is the General Fund—and how it does and does not work. We will look at the current 2025 fiscal year, at the budget for FY26, and we will consider the near-term years beyond.
The Board of Finance set operating budget guidelines of 3.25 percent for the Board of Education and 2.4 percent for the Board of Selectmen at its Feb. 10 meeting, with the goal of keeping the mill rate change for FY26 in the 3 percent range.
As prescribed by charter, the January Three Board meeting brought together the boards of finance, education and selectmen to take a collective look at what Fiscal Year FY26 may look like.
Every time election season rolls around, we are inundated with hyperbole about what the national and state candidates will do for the citizenry, with the unspoken part being what it will cost us, as if it comes without a price tag.
As summer winds down and autumn approaches, the board of finance shifts its focus from the close-out of the FY24 budget to monitoring the current FY25 budget and developing FY26, which runs from July 1, 2025 through June 30, 2026.
A primary focus of the Granby Board of Finance is to protect and strengthen, where reasonable, the town’s short and long-term financial position.
s anticipated, the Board of Finance set operating budget guidelines that reflect both the challenges faced by the Board of Selectmen and the Board of Education as well as the impact of inflation and scarcity in today’s post-pandemic environment.
The traditional Three Board Meeting held in mid-January began the focus on the budget for Fiscal Year 2025 (FY25 runs from July 1, 2024 through June 30, 2025.) At this meeting the Boards of Selectmen and Education presented their projected operating budgets, infrastructure and capital needs to the Board of Finance.
The Town of Granby closed the books on the fiscal year—FY23—that ended on June 30 in a strong financial position, as anticipated.