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Finance Committee defers vote on using Free Cash to reduce FY2027 tax levy

Finance Committee of the Town of Bedford · March 5, 2026

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Summary

The Town of Bedford Finance Committee deferred a vote on a newly added Article 34 that would appropriate Free Cash to lower the FY2027 tax levy, requesting an updated summary of Free Cash usage and confirmation of the appropriation amount from the Town Manager’s office.

The Town of Bedford Finance Committee deferred action on Article 34, a newly added warrant article that would appropriate 'Free Cash' to reduce the Fiscal Year 2027 tax levy.

Chair Ben Thomas described the article as a standard warrant item. Committee member Karen Dunn asked that any appropriation be reflected in the financial model before the committee votes. Vincent Xu requested confirmation of the specific amount proposed for appropriation. Tom Rowan questioned whether the proposal would put the committee outside its guidelines; Philip Prince said the committee’s guideline is roughly 50 percent and Mr. Thomas reported current Free Cash usage is 53 percent. The committee requested the Town Manager’s office provide an updated summary of Free Cash usage for a future meeting and deferred a vote.