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Needham finance committee flags costs, timeline and override risk for Pollard school project
Summary
Committee members discussed a projected $311 million Pollard school project, the MSBA process, risks that construction costs may exceed estimates and the schedule implications for a possible override and November ballot timing.
Members of Needham’s Native Finance Committee spent substantial time on June 25 discussing the Pollard school facility project, the town’s MSBA (Massachusetts School Building Authority) process and the financial risks of a large capital program.
Committee members and staff reviewed the school department’s reported $2.1 million FY2025 turnback, of which staff proposed reserving $1.6 million for special-education funding volatility and returning $500,000 to free cash. Discussion then moved to the Pollard feasibility and design process, where members raised concern about whether the working estimate (discussed in the meeting as roughly $311 million)…
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