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Shrewsbury officials outline tight FY2026 budget, warn of small general-fund surplus and personnel cost pressure
Summary
Finance staff presented a FY2026 preliminary budget showing a projected $667,000 across-fund surplus but only about $14,000 in the general fund; presenters flagged uncertainty from a state senior property‑tax freeze and noted personnel costs consume roughly 82% of general-fund expenditures.
Finance staff presented the city's FY2026 preliminary budget and warned that while the city projects roughly $667,000 in surplus across funds, the general fund is effectively tight with only about $14,000 projected in surplus. The presenter said the budget approach layers summaries by fund down to individual general‑ledger accounts so council members can review at either a high level or in detail.
The presenter told the board he budgeted total real estate tax receipts at $1,435,000—using the full commercial figure of $438,500 and a residential estimate reduced to $996,000—citing uncertainty caused by…
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