Obligations may eat up Rutland’s $1 million budget surplus

Rutland City Treasurer Wendy L. Wilton in her office at City Hall. File photo by Andrew Kutches/VTDiggerRUTLAND — The Board of Aldermen is expected to be looking at a $1 million surplus when it sets the tax rate in July.
However, it appears all of that surplus may already be accounted for.The city anticipates a $3 million unassigned fund balance at the end of the fiscal year. The city rolls over $2 million of that — or about 10 percent of the city’s budget — each year as