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Norwood presenters flag $6.6 million preliminary shortfall; $750,000 regional dispatch cost added
Summary
Town finance staff told the Budget Balancing Committee the town faces a roughly $6.6 million projected gap for fiscal 2027 and must absorb a new $750,000 regional dispatch expense; officials said revenues and state aid remain preliminary.
Speaker 5 (identified only by transcript label) presented the Town of Norwood’s preliminary fiscal 2027 budget to the Budget Balancing Committee on Jan. 14, saying the town currently projects a shortfall of about $6,600,000 and is incorporating a new $750,000 expense for regional dispatch.
The presentation, distributed to committee members as a slide deck, walked through revenue assumptions, free cash, new growth and a five‑year forecast. Speaker 5 told the committee that certified free cash for fiscal 2026 was $24,000,008.60 and that "as of today, we have $15,352,000 of unrestricted cash." All figures, the presenter emphasized, are preliminary and subject to state Cherry Sheet and GIC (health…
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