Town of Lisbon - An additional $100,000 will be spent fixing town streets and roads this year as a result of the unanimous vote of about three dozen town residents at the annual town meeting.
There was no debate after Town Chairman Matt Gehrke explained that the $100,000 was part of a $127,000 surplus in general funds at the end of 2011. The surplus, according to Town Administrator Jeff Musche, was the result of higher than expected revenues and lower than projected costs in the 2011 budget.
The remaining $27,000 in surplus funds will be used to purchase equipment for the fire department ambulances, according to town officials. The town has a general fund surplus in excess of $1.5 million dollars which according to independent auditors in more than adequate considering a total operating budget for the town of about $4.1 million.
The town has approximately 100 miles of roads and nearly two thirds of those roads are in need of repairs as soon as possible, according to Public Works Director Joe Klemm.
The highway budget was approved by town residents in November. Any amendments to that budget require approval of town voters at a special or annual town meeting.