Government
Watertown Starts Budget Planning with Rare Surplus for Fiscal 2021
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Watertown Town Manager Michael Driscoll. The new growth in Watertown, due largely to the development in town, along with an increase in permit fees being paid to the town are two main factors for the Town starting with a surplus as planning begins for the Fiscal 2021 budget. Tuesday night, Town Manager Michael Driscoll presented the Preliminary Fiscal 2021 Budget Overview to the Town Council. The forecasted expenditures for FY21, which begins July 1, 2020, is $155.77 million. The projected revenues are $156.33 million, leaving a surplus of $556,829, Driscoll said.







