Board of Finance

Volunteering to support the town of Salem is an important function of being a citizen of Salem.  One of the important Boards to run for is the Board of Finance.  It is the Board that oversees the finances of the Town and prepares a budget for approval by the Town (Procedure found in the Salem Town Charter, Chapter X – FINANCE AND TAXATION).  As a member of this Board, not only do you develop the budget for the town to vote on, you also set the mil rate for town property taxes.  Following that, you monitor the expenditures and when necessary make adjustments based upon the Town charter processes.  All this involves, a monthly meeting, for seven months. During the budget development period, this increases to two (2) to three (3) meetings per month.  Your role involves getting information and documentation on the town’s proposals, capital expenditures, and the Board of Education’s information on the total budget (the Board only establishes the Board of Education’s total funding and monitors that total funding).

Developing the budget requires careful collaboration with other organizations in town.  The Board of Finance is responsible for managing town finances that balances the needs of all of Salem’s citizens and tax payers.

If you are interested in running for this Board feel contact us below!