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Select Board, finance committee flag tight FY26 budget, prioritize public safety and capital

Lakeville Select Board · December 16, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Town staff told the Select Board and finance committee that limited reserves mean FY26 will prioritize public safety and critical infrastructure; members asked for clearer budget visuals, multi-year forecasting, and business plans to grow enterprise revenues.

During a joint discussion on Dec. 16, Town Administrator Andrew and the finance committee outlined a constrained FY26 financial picture and asked the Select Board for budget priorities. Andrew said capital requests submitted for FY26 total roughly $1.5 million while the town’s free cash, stabilization and capital reserves are limited. "There's not a whole lot of money to dish around on capital this year," Andrew said, urging…

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