Bridgewater Board of Selectmen
to gift $520k to schools?
August 17, 2004
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Joseph Gillis Jr.

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August 17, Bridgewater makes plans to gift $520k in "free cash" to B-R Schools

At the 8/17 Board of Selectmen's Meeting, Town Administrator Paul Sullivan explained how it came to be that Bridgewater has an accounting surplus of "free cash".  While it is now about $940k, it was estimated that the final adjusted number would be between $700k and $900k.  The Selectmen therefore believed that the $700k figure would be a safe figure to begin plans with, and Allan Chiocca made a motion to call for a Special Town Meeting on Tuesday October 5th to vote on the one-time "gift" to B-R of $520k.
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