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Clarksburg Gets 3 Years of Free Cash Certified
By Tammy DanielsiBerkshires Staff
CLARKSBURG, Mass. — Town officials have heaved a sigh of relief with the state's certification of free cash for the first time in more than three years.
The town's parade of employees through its financial offices the past few years put it behind on closing out its fiscal years between 2021 and 2023. A new treasurer and two part-time accountants have been working the past year in closing the books and filing with the state.
Some $231,000 in stabilization was used last year to reduce the tax rate — draining the account. The town's had minimal reserves for the past nine months.
Chairman Robert Norcross said he didn't want residents to think the town was suddenly flush with cash.
"We have to keep in mind that we have no money in the stabilization fund and we now have a free cash, so we have now got to replenish that account," he said. "So it's not like we have this money to spend ... most of it will go into the stabilization fund."
The account's been hit several times over the past few fiscal years in place of free cash, which has normally been used for capital spending, to offset the budget and to refill stabilization. Free cash was last used in fiscal 2020.
Officers Nicholas Lillie, Steven Wandrei, Nannette Reid and Elizabeth Zipp joined the force as full-time officers; Lillie and Wandrei recently graduated from the Police Academy.
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The proposal is to reconstruct some of the dry-laid stone retaining with new cast-in-place concrete and to relocated the existing drainage and stabilize the slope. The runoff will be tied into the storm drainage system at the bottom along State Street.
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The Airport Commission voted to re-release the request for proposals (RFP) for the airport restaurant space but only after the city formed a new and improved document. click for more