WHITMAN – The town has a new Free Cash policy.
The Select Board, on Tuesday, March 25, voted to support the new policy recommended by Town Administrator Mary Beth Carter, which will establish a budgetary policy for the use of free cash which includes –
Place 10 percent of the certified free cash amount, each fiscal year, allocated to the capitalization stabilization fund – not to be expended in the first year – but as a savings account that we’re slowly and steady adding to; and then, another 10 percent, especially after the remaining balance of the certified Free Cash amount would be added to the general stabilization fund each year; and we discussed placing a minimum of $200,000 each fiscal year be transferred from Free Cash to Plymouth County Retirement line until the undfunded liability is paid off; and a minimum of $140,000 each fiscal year, shall be transferred to the Article 2 line for “Other Post Employment Benefits.
The policy will begin this year.
“I think that, if we follow this every year, we are going to build a capital stabilization fund in the way that we should,” she said. “That money is not be touched. The towns that touch, the general stabilization fund are the towns that find themselves in trouble. Once they open that, and start going after that, they have nothing.”
She wanted to start the policy to build up some “good reserves” because the town needs a new fire engine, and an upgrade to financial software for starters.
“I think that this will put us on a good road for the future, if we just do this every single year,” she said.
“It sounds like a good plan,” Vice Chair Dan Salvucci said.
Board member Shawn Kain said that, when one looks at the towns that withstand some of these difficult times, and the ones that get into trouble, it’s the ones that have their financial policies set in place as the “rudder that keeps them on track.”
“There might be some difficult decisions in the future because of this, if we follow that plan it should keep us on solid financial ground,” he said.
Member Justin Evans noted that. “The unstated part of the policy will mean that 75-percent of certified free cash would be the town’s capital plan year after year.”
Whitman 150 update
Whitman 150 Committee Chair Richard Rosen also briefed the board on planned events for the towns sesquicentennial.
“Things are going very well, Rosen said. “We’re selling merchandise. There’s a lot of people buying … stuff,” Rosen said. “We want part of what will ultimately be history.”
He reminded residents that the kickoff dinner, scheduled for Saturday, April 5 at the Cardinal Spellman Center, and tickets will not be available at the door. To obtain tickets, priced at $50 each, are still available. Interested residents must contact Rosen’s office at 781- to obtain individual tickets wo reserve tables of eight or 10.
On Sunday, April 27, the burial of another time capsule on the Town Hall lawn, will overseen by former Fire Chief Tinothy Grenno and Thomas Burnett, who helped lower the 2000 event capsule on that same lawn during the centennial celebration.
A series of photos published by the Brockton Enterprise, at the time, shows Grenno and Burnett lower the time capsule into the hole made by a DPW crew.
“I found them both and asked if they’d [come back] and they both said yes,” Rosen said.
The centennial time capsule is slated to be disinterred in 2075 and the new one will be dug up in 2100.
“That way, we figured nobody would still be alive when they dig it up,” Rosen joked.
If people have items they would like to place in the time capsule, they should drop the items off at North Easton Savings Bank, Bedford St.
“North Easton Savings Bank has been extremely good to us in terms of donating money, time effort, volunteers – they’ve been great,” Rosen said.
Wondering how big items one might want to donate for the time capsule can be accommodated?
“I think anything much bigger than a shoebox isn’t that great,” Rosen said. “But I do need, like, a persons listed book and stuff like that, that after 75 years, people are going to look at it and go, ‘Wow!’ or whatever they’ll say.”
Rosen said there’s an important contest going on in the schools right now, as students in kindergarten through grade eight write essays – for the older grades, and photos for the younger children – on the theme: “Wonderful Whitman.”
Winners, chosen by teachers, will have their work placed in the time capsule, and they will be present when the time capsule is lowered – and more. Rosen said.
North Easton Savings will present the winning students with a bank account, which some have never had, and they’ll be invited to march in the parade on June 27.
The cornhole tournament signup list is still open.
The roadrace, slated for Sunday, June 8, will start next to the fire station.
“They’re going to come out of the [WWI Memorial] Arch and then do a similar route to all the roadraces that we used to have,” Rosen said.
Runners will be able to signup live on the next couple of days,” he said..
A band concert on June 14, followed by fireworks, and Sunday, June 22, fills out the celebration with a “pretty big parade,” Rosen said. “That’s [parpade] is going to be the final event that we’re doing,” he said. “I do need to set up a joint meeting with the police and fire chiefs and the DPW in the very near future, so they’re not surprised by any of this.”