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School committee approves $250,000 transfer to accrued liability reserve to cover earned leave
Burlington School Committee · August 21, 2025
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Summary
Committee voted 4–0 to move $250,000 from FY25 available salaries into an accrued liability reserve established under Chapter 40, Section 13D to cover earned‑leave retirement obligations; finance staff said total liability is about $1.2 million and the fund balance is roughly $750,000.
The Burlington School Committee approved a fiscal‑year operating transfer of $250,000 into the district’s accrued liability reserve to cover future payments for earned leave when employees retire, administration said. The reserve was established by town meeting in…
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