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North Middlesex finance panel recommends pausing fiscal‑reserve policy as updated budget shows pressure from utilities, staffing and town assessments
Summary
At a Feb. 6 finance subcommittee meeting, school officials presented an updated FY26 budget and warned of volatile utility costs, health‑insurance uncertainty and class‑size pressures. The subcommittee voted to recommend suspending implementation of fiscal‑reserve policy DIB for FY27 to preserve operating flexibility.
The North Middlesex Regional School District finance subcommittee on Feb. 6 reviewed an updated FY26 budget and voted to recommend suspending implementation of the district's fiscal‑reserve policy (DIB) for fiscal 2027.
Nancy Haines, who said she had "dropped" an updated FY26 budget into the meeting packet, told the subcommittee the draft shows a lower total than at the last meeting but contains local shortfalls and risks. "The utilities are running ... this is a sort of unprecedented year," she said, adding that recent approvals of long‑term substitutes and higher heating bills were the biggest uncertainties.
Why it matters: administration warned that locking $2 million into fiscal reserves this year to meet the DIB policy would force cuts that could…
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