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Norwood finance commission reviews FY26 budget materials and explains free cash and stabilization funds
Summary
The town's finance commission briefed town meeting members on the FY26 budget approach, the size of the school appropriation, the town's certified free cash and how free cash is allocated by town meeting.
Maya Bodenhofer, chair of the Town of Norwood Finance Commission, reviewed the FY26 budget materials that town meeting members should study in advance of the annual meeting and explained how free cash is certified and allocated.
Bodenhofer said the budget book contains FY22-FY24 actuals, the FY25 current budget and the FY26 requests; she emphasized town meeting will vote on the FY26 operating budget, which becomes effective July 1. She said the town appropriation to the schools is approximately…
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