Board of Finance Debates Study for Possible Lymes’ Senior Center Expansion

OLD LYME — Members of the Board of Finance said Tuesday night that they were open to paying for part of the costs of a $30,000 study of the Lymes’ Senior Center’s long-term needs, but members raised concerns of the appropriateness of an architect to carry out that study. “To me it almost sounds like a conflict to have an architect doing a feasibility study and say we need this [architectural work],” said Board of Finance chair Andy Russell at Tuesday’s board meeting. “It sounds like there’s probably other organizations out there that come into senior centers, look at the

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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 Andrew Russell said that this general fund balance — which is equal to over a quarter of Old Lyme’s most recent annual budget — will help to keep a steady mill rate by preparing for unexpected one-time costs, and get a low interest rate if

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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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