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Preliminary FY27 budget shows $6.6 million gap as school debt, insurance and pensions bite
Summary
An unidentified presenter told officials the town faces a $6.6 million funding gap in its preliminary FY27 budget driven by rising health insurance, pension commitments and debt service tied to a $70 million high school borrowing; staff will meet departments to prioritize spending.
An unidentified presenter outlined North Attleborough’s preliminary fiscal 2027 budget, saying the town faces a $6,600,000 funding gap driven by rising health insurance costs, pension obligations and new debt service for the high school project.
The presenter said the proposal asks for the full 2.5% levy increase under Proposition 2½ — roughly $1.8 million — and that assessor Cheryl Smith has pegged new growth at about $800,000, combining to roughly $2,600,000 in levy growth under current assumptions. State aid, the presenter said, is ‘‘essentially flat.’’
The presenter described a debt exclusion totaling about $4,178,760 tied to a $70,000,000…
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