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Uxbridge finance committee backs package of free‑cash transfers, OPEB funding and a one‑year custodial contract fix
Summary
The Town of Uxbridge finance committee unanimously recommended a package of fiscal articles — paying certain BANs with free cash, transferring funds into stabilization and capital accounts, adopting an OPEB funding approach, creating a cable capital fund and approving a one‑year custodial contract extension to address a procedural issue.
The Town of Uxbridge finance committee unanimously recommended a package of fiscal actions that the committee said will stabilize long‑term finances and correct a procedural lapse in the school custodial contract.
On Article 3 the committee recommended using free cash to pay outstanding bond anticipation notes and interest related to a 2020 fire engine purchase, a move staff said would stop recurring interest payments and avoid additional long‑term borrowing for that item. The committee also recommended transferring free‑cash into the stabilization fund (Article 4) and appropriating specific amounts to OPEB and capital stabilization (Articles 5 and 6). Finance staff presented a proposed OPEB…
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