Town Manager’s Report on 2008 Successes

Goal 5.  Improve Town’s Fiscal Condition

Diversify revenue sources consistent with Town values to reduce pressure on residential property tax; identify and pursue internal operating efficiencies; and develop a strategic financial plan for long-term sustainability

• Responded to economic crisis with Budget Savings Plan and regular reports to Council, employees and public
• Adopted Economic Development Strategy
• Created Debt Management Fund to manage debt and plan for funding future capital needs.