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Hubbardston Select Board orders fiscal cleanup, considers 0‑based budget to stabilize town finances
Summary
At its Jan. 20 meeting the Town of Hubbardston Select Board heard a finance update that outlined overdue reconciliations, coordination with auditors and the Department of Revenue, and a recommendation to adopt a 0‑based budget to clarify line items and guard the town’s thin levy capacity.
On Jan. 20 the Town of Hubbardston Select Board received a detailed finance update as staff and an outside finance lead described ongoing work to reconcile FY2024–FY2026 records and set a clearer budget path for FY2027.
The presentation, led by Sean, said the town is working weekly with a CPA and expects to finish reconciliations and state reports within about a month. "We still don't have a clear idea of when we're gonna really have that budget reconcile for the whole thing, sometime in the next month," Sean said, adding the team is coordinating with the town auditor and the Department of Revenue to complete required filings and certify free cash.
Why it matters: Officials said accurate closeout and certification determine the town’s ability to use free cash for capital projects and to present reliable…
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