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Westfield leaders report strong 2024 finances, open 2025 budget with March 25 introduction
Summary
Finance officers said Westfield ended 2024 with a high surplus and kept a AAA bond rating, enabling a 0% municipal tax rate for town purposes last year; the council opened the 2025 budget process and set introduction for March 25 and adoption for April 22. Officials flagged nondiscretionary cost pressures and growing pilot revenues from the Westfield Crossing development.
Westfield officials told residents at a public budget kickoff that the town finished 2024 in strong fiscal shape and has begun the 2025 budget process.
Finance chairwoman Linda Habgood and council presenters said Westfield maintained a AAA bond rating, accumulated a significant surplus last year, and managed municipal appropriations to keep the town's municipal tax rate unchanged for 2024. Habgood emphasized the municipal levy is only one part of residents' bills and noted the town collects roughly $192,000,000 in total taxes for all entities; she circled the municipal portion the council controls when explaining options…
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