Town meeting approved Article 25 to transfer a total of $1,000,000 into the town's Other Post-Employment Benefits (OPEB) trust: $884,589.79 from free cash plus $115,410.21 from prior appropriations.
Ben Buttrick described the rationale: the fund currently holds roughly $3.2 million and this contribution would raise the balance to about $4.2 million toward an estimated actuarial liability of about $5 million. He and finance-committee members argued that growing the trust reduces future operating budget pressure by shifting retiree health payments out of annual appropriations.
Several residents and elected members raised concerns about the size of the one‑time contribution given upcoming budget demands (school operating budget, building projects) and suggested a more moderate contribution. Annie Cameron and other supporters said the long-term savings and strategic use of one‑time free cash justified the appropriation. Finance committee reported a unanimous recommendation in favor of the transfer. The article passed on the floor.
Implementation notes: funds go to the town's OPEB trust and finance staff will update actuarial tracking and report impacts on future operating budgets.