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Acton town manager outlines FY26 priorities; compensation reserve set aside for three pending union contracts
Summary
Town Manager John presented the town manager's office budget, highlighted pension funding and collection rates, and explained a compensation reserve set aside for negotiations with two police units and the fire union whose contracts expire June 30.
Town Manager John presented the Town Manager's Office portion of the FY26 proposed budget and answered questions from the Select Board and Finance Committee during the second night of budget workshops.
John said the town's unfunded pension liability was about $53,000,000 and that the retirement system was 42% funded as of the January 1, 2024 valuation; he added that while Acton maintains a local system, most assets are pooled with the state’s investments. He reported the town’s property tax collection rate remains high at roughly 99.5–99.6 percent.
The town…
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