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School committee approves payrolls as finance staff warns of tight year-end budget
Summary
The Tewksbury School Committee approved two payroll runs and other routine items while district finance staff warned the fiscal year will close with limited reserves after larger-than-expected retiree sick‑leave buybacks and special‑education costs.
School Committee members voted unanimously to certify two payrolls at their meeting, even as district finance staff said the 2024–25 fiscal year is likely to close with only a narrow positive balance once outstanding obligations and retiree buybacks are posted.
The committee approved payroll for the period ending May 22, 2025, totaling $1,687,637.70, and payroll for the period ending June 5, 2025, totaling $1,689,658.88. Both motions were moved and seconded on the record and carried by…
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