The Treasurer's Office receives all monies which come into the town ("the bucks stop here!"); pays all bills, including payroll; is responsible for the administration of the employees' health and life insurance programs; and works with the Assessors, Collector's, and Comptroller's departments to ensure the smooth and efficient operation of the town's finances.
In addition, the Treasurer is responsible for investing the Town's funds in accordance with guidelines imposed by Ch.44, Sec.55, of Massachusetts General Laws. The Treasurer does all the short- and long-term borrowing which Town Meeting has authorized, with the approval of the Board of Selectmen. They work with the Commissioners of Trust Funds (five members, elected) in administering the Town's trust funds, which total about $2 million. The Treasurer also manages the Town's property which is in Tax Title or Foreclosure. Delinquent property is turned over to the Treasurer annually, when the Collector does a tax taking; i.e., puts a lien on the property.
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