Budget deliberations are underway in the town of Bridgewater. During a public meeting, Director of Finance, Dawn Keizer, projected a $650,000 surplus for the fiscal year ending 2011-12. The surplus is from an unexpected increase in deed transfer tax, reduced spending in snow removal and other areas that came in under budget. Keizer also revealed a $200,000 overage in capital spending from a sewer and sanitation project on Dominion Street. Mayor Carroll Publicover says tapping into the town's reserve funds would help pay off that project.
"It was a long time, over five years from the beginning of that project until now and cost increases over that time have really hurt us but this should be the end of it."
The next public meeting will be held May 7.
