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FinCom review finds Norwood airport close to break-even for current year
Summary
Finance Committee members reviewed airport finances and found direct expenses roughly matching revenues, with FY25 year-to-date performance above some FY26 projections and fees under periodic review.
Finance Committee staff presented an airport budget status report at the June 12 meeting showing year-to-date FY25 revenues above expectations and direct expenses running close to budget. Jeff, a treasury/finance staff member, said the department’s FY26 projections are slightly higher than FY25 budgets but that the most recent actuals for FY25 were stronger than the FY26 projection.
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