The Marion Finance Committee met on Wednesday, January 15, to deliberate on the town’s financial strategies and budgeting plans for the upcoming fiscal year. The committee emphasized the need for precise forecasting of revenue and expenditures to avoid conservative estimations that could hinder financial planning.
One committee member remarked, “I don’t think there’s any written guidance in the town,” highlighting the challenges faced in budgeting without formal instructions. The committee discussed the importance of collaborating with the select board and other committees, including the school committee, to gather accurate estimates of expenditures and revenues early in the fiscal year.
The primary focus of the meeting was to enhance the committee’s efficiency in advance planning and organization. This initiative aims to provide timely and relevant financial recommendations to the select board for their consideration. The committee pledged to improve their processes to better serve the community’s financial interests.
“Our job is to recommend to the townspeople what we think is best and in the best interest of all of us, at large,” stated another member, underscoring the committee’s commitment to making informed decisions that benefit the entire community.
The next meeting of the Marion Finance Committee will be on February 19 in the Town Hall’s conference room.
Marion Finance Committee
By: Sam Bishop