JAHC recommends a Water & Wastewater Reserve Fund

At the February 15th Selectboard Meeting, during public comment, JAHC chair SJ Dube read a letter requesting the Selectboard add a Water and Wastewater Reserve Fund to the Jericho budget, consistent with the priorities set in the 2023 Housing Resolution and the 2024 Town Plan.

The Town of Jericho has effectively used reserve accounts for other long-term needs and to accumulate funds for coming projects. We do this to smooth the year-to-year impact for taxpayers and to ensure action is possible between budget votes. A reserve account also sends a signal of intent and commitment. We believe the Jericho Town Plan’s priority and timeline for water and wastewater infrastructure warrant the same approach as is used for the more than 10 existing town-maintained reserve funds.

Read the full letter, here.