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Finance committee hears Quabbin assessment drop, approves reserve transfers and clears many warrant articles for town meeting
Summary
Officials reported that Quabbin Regional’s FY26 assessment arrived about $159,000 lower than projected. Finance committee and Select Board approved budget revisions, several reserve fund transfers, and recommended multiple warrant articles, including capital items and CPA uses, ahead of town meeting.
Town finance staff told the joint meeting that the Quabbin Regional School District assessment for Hubbardston’s FY26 allocation was approximately $159,000 lower than previously projected. In response, the town proposed a budget revision that reduces reliance on one‑time free‑cash offsets and reassigns revenue lines to produce the same overall operating total while preserving reserves for expected contingencies.
Finance committee actions: The finance committee approved multiple reserve‑fund transfers to cover known shortfalls and legal costs before fiscal year‑end. The transfers included:
- Police department: $18,537.73 to cover personnel/turnover and temporary staffing costs (chief indicated vacancies and injuries…
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