Tisbury selectmen are expected to finalize regulations for the sale of beer and wine, and also to set a date for a special town meeting when they meet next Tuesday.

If all goes according to plan, town restaurant owners will be able to apply from next Wednesday to have their establishments licensed. And voters will meet, probably on June 29, to reconsider a proposal to pay $225,000 in extra wages to the Tisbury police.

The extra money is due to police under the terms of an arbitrated contract agreement with the police union. It consists of $125,000 in back pay and $100,000 to fund wages in the coming fiscal year.

A ballot question at last week’s annual town election sought to pay the money via a budget override. But even though the proposal was supported by the selectmen, finance and advisory committee and a large majority at annual town meeting, it was heavily defeated. There were 934 votes against the question and 606 in favor.

That left the town with two options: either begin the long process of negotiating a police contract all over again, or try again to get voters’ approval.

The selectmen discussed the issue in executive session on Tuesday night.

Although no decision was announced afterwards, one selectman, Geoghan Coogan, who has been liaising with the police since the unexpected defeat of the ballot question, had previously said neither the town nor the police wanted to go back to negotiations.

Mr. Coogan also conceded town officials “blew it” by not communicating to voters the reasons for the ballot question and the consequences of a no vote.

At the election, though, most attention was focused on the beer and wine ballot question. Although it passed by a reasonably comfortable margin, the new chairman of the board of selectmen, Jeff Kristal, told this first meeting since the vote that the board was “extremely aware” of the vote.

He said the licenses would be closely regulated, and invited people to read the regulations on the town Web site.

The selectmen also set about tightening them further on Tuesday night.

In particular, they considered fees and penalties. They decided to increase the licensing fee from the original $1,500 to $2,500.

As for penalties, they considered a variety of options.

Discussion focused on the so-called 65-35 rule, which stipulates the proportion of restaurant takings which are generated by food sales and alcohol sales.

Mr. Kristal suggested that if a restaurant took more than it should have through alcohol sales, the excess should be forfeited to the town. For a second offense, they would forfeit three times the amount, and for a third would lose their license.

A variety of other penalty options was discussed, including license suspensions for breaches.

Then there was the issue of enforcing the rules about how and to whom alcohol could be served. It was decided they should consult with Oak Bluffs police about monitoring and whether undercover cops were necessary. All will be finalized next week.

In other business, the selectmen overruled two town committees in favor of commercial fishermen who use the town dock on Lake Tashmoo, for refueling their boats.

The Tashmoo management committee and harbor management committee had recommended changing the waterways regulations to prohibit fueling at town docks and landings. The only exception would be for people using hand-held containers of two and a half gallons or less.

Previously the fishermen had filled up from a commercial supply truck, and in the end the selectmen accepted the argument of the fishermen, fuel suppliers and town fire department that spills were less likely to occur and to be more easily contained if they continued to do that.

The truck option, however, would be open only to a small number of commercial fishermen. Other boaters would be allowed to use five-gallon containers.

The Tashmoo management committee was asked to make recommendations about which days of the week and which times of day fueling would be allowed