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Town Manager outlines FY27 budget with 3.25% proposed spending increase; debt service and pension costs grow
Summary
Town Manager John Majorari presented a recommended FY27 budget with a 3.25% spending increase; key pressures include a near-25% debt-service rise and pension increases, while capital priorities include Town Hall HVAC/electrification (supported by a $1M grant) and a redesigned DPW facility study.
Town Manager John Majorari presented the recommended fiscal-year 2027 budget to the Select Board and Finance Committee on Jan. 12, describing the document as a transparency tool and summarizing major assumptions and capital priorities.
Major themes and numbers: the FY27 budget proposes a 3.25% increase in operating spending year over year. The largest drivers are salaries and benefits (up roughly 3.5%) and a debt-service increase approaching 25% driven by recent infrastructure appropriations coming due. The town's pension assessment is forecast to rise (Majorari cited a 6.55% increase), and a…
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