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Thursday, February 15, 2007

Zero sum gain



Hans Larsen, executive director for the Wellesley Board of Selectmen, says the town will be able to balance its fiscal year 2008 operating budget without asking voters for a tax increase.

Wellesley started the 2008 planning in January with a $3.3 million gap between expected revenues and spending. But good news on revenues and costs -- most recently health insurance premium increases that came in at 10 percent instead of the anticipated 14 percent -- have allowed officials to lower the deficit number to $985,000.

Larsen says that can be covered with money from the town’s reserve.

-- Lisa Keen

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