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Select Board awards town manager FY24 pay adjustments, signals major capital-planning push
Summary
The Concord Select Board reported completion of the town manager’s FY24 evaluation, approving a 2.5% COLA and a 3.9% merit bonus and beginning talks on a three-year contract; board members also highlighted an upcoming capital-planning process that will prioritize infrastructure spending.
The Concord Select Board reported this meeting that it has completed the fiscal 2024 evaluation of the town manager and approved a 2.5% cost-of-living increase and a 3.9% merit bonus, and said staff has begun negotiations for a three-year contract.
Board members also flagged the start of the town’s capital-planning cycle. The town manager will present preliminary capital plans to the Select Board on Nov. 4, the board said, noting that capital spending—often debt-funded—carries longer-term financial commitments than operating budgets.
Supporters at the meeting argued that planned capital priorities, including road and infrastructure work, aim to reduce long-term repair costs by investing earlier. Mark Davis of the Transportation Advisory Committee later noted a proposal framework that would target approximately $5 million annually over a multiyear bond program to bring road infrastructure to a more maintainable level.
The discussion did not include a formal vote at this session; board members said they expect further detail and specific requests when staff presents the capital plan on Nov. 4. The board also reminded committee chairs to keep minutes current, citing resident requests for published records.
