Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lowell warns of $7.7M FY27 shortfall as ARPA sunsets and fixed costs climb
Summary
City officials told a public listening session that the FY2027 general fund faces significant pressure from rising pension and health costs, lower investment income as ARPA funds wind down, and shifting school-aid dynamics, producing a projected $7.7 million gap before policy choices.
City Manager Tom Golden and Chief Financial Officer Connor Baldwin presented the City of Lowells FY2027 budget outlook at a public listening session, saying rising fixed costs and the end of one-time federal support will leave a significant general-fund gap.
"This coming fiscal 2027 budget is a challenging one for the city," Baldwin said, citing higher pension obligations, health-insurance increases and expanding debt-service needs as the principal drivers. The administrations video…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
