Thursday, January 25, 2007
Board of Selectmen Chairman Jim Lehan said that, based on preliminary numbers, Norfolk is projecting a $300,000 budget deficit for next year.
Officials had expected an even larger preliminary deficit, Lehan said, but health insurance costs for the town will go up less than expected.
"Weíre cautiously optimistic," Lehan said. "The deficit isnít as big as we thought it would be." Lehan is hoping the deficit can be made up by some increase in state aid or excise taxes, both of which the town is now assuming will be flat.
If revenues donít increase, the town will have to make up the money with additional spending cuts.
-- Calvin Hennick