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Norwood finance commission approves borrowing for Koski Farm and funds major capital items with Forbes proceeds and free cash
Summary
The Finance Commission voted 4–0 to fund Article 7 (Koski Farm) with borrowing and separately voted 4–0 to finance a Willow roof, library facade, sidewalks and a ladder/fire truck using Forbes proceeds plus free cash, leaving an estimated ~$16.6M in free cash afterward.
At the Nov. 4, 2025 meeting the Town of Norwood Finance Commission approved funding decisions for several warrant articles and capital repairs. The commission voted unanimously to fund Article 7 (the Koski Farm purchase) with borrowing and approved a package allocating Forbes proceeds plus free cash to pay for a ladder/fire truck, the Willow roof, the library facade and sidewalks.
Jeff (finance staff) reminded the commission…
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