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Town administrator gives finance update; audit of Chapter 61 lands flags roughly $183,000 in foregone tax value
Summary
Town Administrator Sean reported FY26 line‑item deficits, a forthcoming FY27 draft budget and an audit of Chapter 61/61A/61B properties that identified mismatches between databases and approximately $183,000 in reduced taxation tied to Chapter classifications.
Sean, the town administrator, provided the board an update on fiscal year 2026 and the FY27 budget process, saying the town’s annual appropriation is roughly $11.9 million and that staff are reconciling multiple years of financial records to close out FY24 and FY25 and prepare a FY27 draft.
He told the board there are near‑term pressures: “close to 20 lines that are running deficits” and several line‑item overages that require reconciliation and…
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