The Multi-Year Budget Advisory Committee confirmed three Budget Summits beginning in October. The committee reviewed assumptions for revenue sources including Chapter 70 aid, New Growth, Investment Income, and Local Receipts, plus expense categories for School, Town, and Facilities.
The Multi-Year Budget Advisory Committee updated its financial model and previewed budget pressures ahead of a November Town Meeting. Chair Tom Caputo and CFO Geoff Lubien committed to revising assumptions in July in light of spring approvals and article votes. The committee discussed the town's
Multi-Year Budget Advisory Committee extended its financial model through fiscal year 2033 and examined a scenario raising the Retirement Board COLA base from $13,000 to $15,000. The change carries an estimated cost of $500,000 in FY27 and $3.6 million over eight years, according to the minutes.
The Multi-Year Budget Advisory Committee continued its review of the town's long-range finances, identifying an $8.7 million three-year operating override needed for FY2029 through FY2031.
Multi-Year Budget Advisory Committee updates model with sharper health care pressures. The committee, led by members Tom Caputo, Conor McEachern, Matt Taylor, Chris Doyle, and Matt Kraft, reviewed revised budget assumptions showing health care costs growing at 15 percent annually instead of the
The Multi-Year Budget Advisory Committee deferred or eliminated its upcoming Budget Summit III pending release of Group Insurance Commission rates in February. Chair Tom Caputo and member Patrice Garvin cited the need for healthcare rate information before proceeding. The committee discussed the
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