Weigh the financials - The Martha's Vineyard Times : vimarsa

Weigh the financials - The Martha's Vineyard Times


The Martha's Vineyard Times
To the Editor:
For the past 10 years, the West Tisbury finance committee has written an opinion editorial prior to the annual West Tisbury town meeting. Recommendations are the result of discussion within the finance committee, and from information we gather by attending the meetings of the capital improvements committee, the school committees, the select board, Community Preservation committee, and other boards and committees whose work impacts our town’s annual budget. Each year the discussions have become more complex as our town grows, and with that growth comes the need and desire for more services.
In 2004, our annual town budget was approximately $10,000,000. As of late February 2021, the budget for West Tisbury stands at well over $20,000,000. Our town budget is growing far faster than inflation, and at a faster rate than the town’s population. The FY2022 proposed budget will increase further, dependent on the number of warrant articles with financial elements that are approved at the annual town meeting.

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