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Finance subcommittee recommends 2.9% FY27 budget, urges continued review of reserves and requests for tech staffing
Summary
The North Middlesex Regional School District finance subcommittee voted March 5 to recommend a 2.9% increase for the FY27 draft R2 budget to the full school committee, approving a plan to use $500,000 from reserves to lower town assessments while continuing to monitor year-end FY26 results.
The North Middlesex Regional School District finance subcommittee voted March 5 to recommend that the full school committee adopt a 2.9% increase for the FY27 budget (draft R2).
Superintendent Robin Ivy told the subcommittee the administration had conducted a line-by-line review and identified $105,000 in reductions, then proposed using an additional $500,000 from the district's excess and deficiency (E&D) reserves to bring all three member towns below a 3% assessment increase. "The decision was made to make a recommendation to all of you to use an additional $500,000 in E and D," Ivy said, adding that the change moved the district's proposed increase from 3.6% to 2.9%.
Finance staff cautioned the committee that…
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