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Finance Commission presses for limits on using one‑time free cash in FY26; schools to receive limited new positions
Summary
Commission members warned against relying on one‑time free cash to fund recurring operations, proposed reserve uses and directed the budget balancing committee to reconvene Feb. 26 to refine recommendations for FY26 allocations including caps on school positions and targeted funding for contractual obligations.
The Finance Commission spent a substantial portion of the meeting on FY26 budget balancing and how to use the town’s large free‑cash balance. Commissioners said relying on one‑time funds to cover ongoing operations runs counter to the commission's financial policies and risks creating a fiscal cliff in future years.
Commissioners reported the town has approximately $20,000,000 in free cash (discussion figure from meeting) and debated options for allocating that money across operating budget needs, capital projects and reserves. The commission said it used about $5,000,000 of one‑time money last year and projected $7–9,000,000 might be used this year; members…
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