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Northborough finance director: Select Board will use free cash to avoid a FY27 override; multi-year gap remains
Summary
Finance director Jason Little told the Appropriations Committee the Select Board voted to apply free cash and a free-cash plan to close the FY27 gap and avoid an override; staff outlined options to address a $1.33M structural gap over time (trash-bag fee increases, OPEB adjustments, local receipts and fee changes) and urged cross-committee coordination with schools.
Jason Little, Northborough’s finance director, briefed the Appropriations Committee on Feb. 24 on the town’s budget trajectory and the Select Board’s recent decision to apply remaining free cash to the operating budget to avoid an override for fiscal 2027.
"The key takeaway from the meeting last night was the Select Board voted to allocate the remaining free cash in the free cash plan for the operating budget to get through balancing the budget for '27 so that no override is necessary," Little said, summarizing the policy choice that gives the town short-term runway.
Staff presented a set of options to close an estimated $1.33 million gap in FY27 projections: increase user fees such…
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