I'm not familiar with an 'unrestricted fund'. I AM familiar with the town's reserve fund which needs to be maintained at a certain level for 'break in case of emergency' issues. If memory serves correctly, the Public Trust funds (some people wrongly call them tax revenue which is an oxymoron) left over from the previous year should first go to the reserve fund. I believe this fund has been tapped in the past to lessen the blow of property tax increases but only if/when it exceeds the state mandated minimum.
I'm not familiar with an 'unrestricted fund'. I AM familiar with the town's reserve fund which needs to be maintained at a certain level for 'break in case of emergency' issues. If memory serves correctly, the Public Trust funds (some people wrongly call them tax revenue which is an oxymoron) left over from the previous year should first go to the reserve fund. I believe this fund has been tapped in the past to lessen the blow of property tax increases but only if/when it exceeds the state mandated minimum.