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Finance director reports strong revenues, AA+ rating affirmed ahead of Norwood bond sale
Summary
Finance Director Jeff O'Neil told the commission that revenues and investment earnings are performing above expectations, the town's AA+ credit rating was affirmed, and a bond sale next week could yield multi-million-dollar interest savings; he also flagged several expense pressures.
At the Feb. 12 Finance Commission meeting, Finance Director Jeff O'Neil delivered the town—inancial second-quarter update and highlighted several items that will shape FY27 decisions.
Jeff said revenues are "performing as expected," with investment earnings and building-permit fees running stronger than anticipated and likely to push full-year results above budget. He noted…
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