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Finance director: budget balanced for FY27 without override; health insurance and multi-year debt are major concerns
Summary
Finance director Jason Little told the Appropriations Committee the FY27 model can balance without an override by using mix of free cash, local receipts and adjustments, but a projected double-digit health insurance increase and large future projects could stress levy capacity and require policy decisions on debt and service levels.
Jason Little, the town's finance director, presented the undistributed expenses section and a five-year forecast for the FY27 budget. He said the current budget model includes about $19.5 million of undistributed expenses and that the town is carrying a projected 16% health insurance increase for budgeting purposes.
To close a roughly $633,000 gap without seeking a budget override, staff…
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