Audit Shows Boon for Old Lyme Reserves

OLD LYME — In 2018-19 fiscal year, Old Lyme took in higher revenues and paid several lower expenses than were expected. This allowed for a $739,152 contribution toward the town’s general fund balance of $11,309,944 on June 30, 2019, according to an annual audit presented to the Board of Finance Tuesday night. Board of Finance Chair

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Old Lyme Budget Approved and Explained

About 40 residents who attended the Annual Budget Meeting at the middle school Monday night unanimously approved a number of agenda items, including the town’s 2019-2020 budget as well as Open Space Acquisition funds for the purchase of 300 acres of McCulloch Farm.

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