Belmont Light Board approves $650K voluntary payment to town
Belmont Municipal Light Board approves $650K voluntary payment to town. Chair Andrew Machado led the Board in unanimously approving the transfer from operating reserves to the town's General Revenue Fund. Finance Manager Maria Makar-Limanov presented preliminary 2025 year-end results showing income
Belmont Municipal Light Board · Meeting of March 12, 2026
Belmont Municipal Light Board approves $650K voluntary payment to town. Chair Andrew Machado led the Board in unanimously approving the transfer from operating reserves to the town's General Revenue Fund. Finance Manager Maria Makar-Limanov presented preliminary 2025 year-end results showing income before contributions estimated at $1.3 million, aligned with budget.
The payment represents a historically flat-rate voluntary contribution in the mid-to-high range compared to other municipal utilities, distinguishing it from a mandated tax.
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Source: the Belmont Municipal Light Board meeting of March 12, 2026, compiled from the official minutes.
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