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State of the Town Presentation Tuesday

The annual presentation offers an overview of the budget for the 2014 fiscal year.

Marblehead's town administrator and finance director will make an initial town budget presentation for Fiscal Year 2014 on Tuesday at Abbot Hall.

Town Administrator Jeff Chelgren and Finance Director John McGinn will present the overview to the Board of Selectmen at 5 p.m.

Board Chairman Jackie Belf-Becker said the overview presents a framework, a conservative framework for the budget process.

The conservative approach is helpful since the budget is influenced by factors that are subject to change, items including state aid and health insurance costs.

The value in the presentation is it sets a positive tone for the budget process, Belf-Becker said.

"We are entering the process in the black and hope to stay there," she said.

The 2012 State of the Town address presented a financial outlook, an estimate on free cash available, the town's bond rating as well as projected revenues and spending for the fiscal 2013 budget.

Note: We changed the final paragraph to clarify that we were talking about the 2013 fiscal budget, as presented a year ago in the 2012 State of the Town address.

Charles Stacey January 07, 2013 at 09:04 PM
Did you mean 2012's presentation? Or have you already seen 2013's.

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