The town had a budget of $74,753,260 for fiscal year 2006/2007. It consists of three separate fiscal accounting funds: the General Fund, the Capital Projects Fund, and the Debt Service Fund. The General Fund is the operating fund for the town and accounts for all financial resources of the town except the Capital Projects Fund and the Debt Service Fund. The Capital Projects Fund is used to acquire land and facilities, and improve public facilities, including roads, bike paths, fire stations, vehicle replacement, drainage improvements, and park development. The Debt Service Fund accounts for the accumulation of resources and the payment of debt.