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Waterford Board of Finance approves FY26/27 budget requests, including $7.3 million retirement plan
Summary
At its March 11 meeting the Waterford Board of Finance unanimously approved FY26/27 budget requests for Emergency Management, Human Resources, the Retirement Commission, Insurance (after a line-item reduction), Legal, and Information Technology. The board adopted procedural motions to expedite consideration and reordered the agenda.
The Waterford Board of Finance met March 11, 2026, at the Town Hall Auditorium and voted unanimously to approve multiple FY26/27 budget requests, including a $7,295,523 appropriation for the Retirement Commission.
Chairman Glenn Patterson called the meeting to order at 7:37 p.m. and outlined the budget process. To expedite review, Bill Sheehan moved a standing motion to consider budget requests without individual motions for each series and department; Joseph Filippetti seconded and the board approved the procedure 7-0-0. Sheehan also successfully moved to reorder the agenda.
Under the expedited procedure, the board approved the Emergency Management budget of $1,270,180 and the Human Resources budget of $256,477 on motions by Michael Rocchetti, seconded by Joseph Filippetti; both passed 7-0-0. Later in the meeting the board approved the Retirement Commission request of $7,295,523, again on a motion by Rocchetti and seconded by Filippetti (7-0-0).
Insurance budget adjustments were handled in separate steps. Bill Sheehan moved and Joseph Filippetti seconded a $24,952 decrease to Insurance line #52251 (healthcare), producing a new line sum of $4,427,174; that change passed 7-0-0. The board then approved an Insurance budget subtotal of $5,922,154 and subsequently the Insurance budget total of $5,922,154, both on unanimous votes.
The Legal budget of $295,000 and the Information Technology budget of $1,380,069 were each approved on motions by Rocchetti, seconded by Filippetti, and recorded as passed 7-0-0. The board adjourned the budget hearing at 8:54 p.m. on a motion by Bill Sheehan, seconded by Michael Rocchetti.
Votes at a glance - Standing motion to expedite consideration of budgets: moved Bill Sheehan; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Agenda reordering: moved Bill Sheehan; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Emergency Management budget: $1,270,180; moved Michael Rocchetti; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Human Resources budget: $256,477; moved Michael Rocchetti; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Retirement Commission budget: $7,295,523; moved Michael Rocchetti; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Insurance budget line #52251 (healthcare) decrease: $24,952; moved Bill Sheehan; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Insurance budget subtotal and total: $5,922,154; moved Bill Sheehan; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Legal budget: $295,000; moved Michael Rocchetti; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Information Technology budget: $1,380,069; moved Michael Rocchetti; second Joseph Filippetti; vote 7-0-0; outcome: approved. - Adjournment: moved Bill Sheehan; second Michael Rocchetti; vote 7-0-0; outcome: approved.
The hearing included no public comment. Staff in attendance included Finance Director Kimberly Allen and other department directors listed in the meeting record; no contested motions or recorded dissents occurred during the session.
