Cohasset: Budget deficit of $700,000 comes in for FY2012

Director of Finance Mary Gallagher dug for unused funds to fill Cohasset’s $697,000 deficit for fiscal 2012, going as far back as 2005, and was able to total up extra money from snow and ice, savings from the new regional dispatch center, and other sources; but town meeting will also have to approve taking $175,000 from Cohasset’s stabilization fund.

Overtime, legal fees, and debt pushed Cohasset’s budget well over and according to Advisory Committee Chair Peter Pecatore, the town’s savings will be impacted so the problem needs to be dealt with now rather than at the fall special town meeting, “Typically the special is cleaning up leftover business from 2012 but we can’t close our books with the deficit so the town meeting has to approve the money to give us more budget money so that we’d be certified by the state.”

Thursday night, Pecatore stated the Moderator informed him a resident will be proposing to rearrange the police budget, adding $100,000 to ensure someone’s at the station overnight, although this cut was a big help to Cohasset this year, “That was part of the justification for going to a regional setup to realize a more effective dispatch program and actually have some savings.”

Pecatore did not give a funding source for the police proposal but stated Cohasset’s stabilization fund needs to be left alone.

Almost half of the town’s deficit for fiscal 2012 was from police and fire overtime.

An article is also on Cohasset’s warrant to create a local meals tax of  .75  percent to generate revenue for maintenance and repair of town buildings.

Cohasset’s Annual Town Meeting is Saturday at 9AM.

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About Trisha McNeilly

With a Bachelor’s Degree in American Studies from the University of Massachusetts-Boston under her belt, Trisha McNeilly joins us full-time as a general assignment and breaking news reporter having previously interned for WBZ-1030 AM in Boston. A South Shore resident her whole life, McNeilly grew up in Pembroke and is 22-years old.