After reviewing the town’s operating and capital projects budgets, Town Treasurer Julie Goucher told councilors that there was no existing funding source for Phase II of the Poppasquash water line project.
“It doesn’t mean we can’t do the project now,” she said during the council’s Jan. 29 meeting. “It just means that we have one of two ways.”
Those ways, she explained, would be to fund the project through a special appropriation of funds for this current fiscal year, or add the project to the 2015 fiscal budget.
If an appropriation was needed, a public hearing is required.
The issue, Ms. Goucher explained, is whether or not the Bristol County Water Authority would require all the funds up front, or a portion of the money, with the remainder due upon completion.
The topic is one of several to be discussed during tonight’s special Town Council meeting at 7 in Town Hall. Other items on the agenda include appointing a town employee to the assistant harbormaster’s list, appointing a resident to the capital projects committee, LED lighting, bond issues for the 2014 ballot, and other town capital projects.