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Shrewsbury reports steady finances despite Capital Improvement Fund deficit
Summary
City staff reported that as of May 31, 2026 the General Fund is "financially strong" despite a slight quarterly decline; the Capital Improvement Fund is in a cash deficit and spending reductions are in place under the 2026 budget to restore it.
The City of Shrewsbury reported that, as of May 31, 2026, its General Fund "remains financially strong despite a slight decline over the last quarter," though staff flagged a cash deficit in the Capital Improvement Fund and said spending reductions are being used to begin restoring that fund to a positive balance.
Finance staff also told the Board that the Parks/Stormwater Fund is performing above expectations for the season but will experience typical fluctuations as pool and camp operations ramp up. "Overall, the City's financial position is stable, but continued attention will be needed to control expenditures and identify new revenue sources," the finance report said. The Board did not take formal action on the report at this work session; the item was presented as information for ongoing budget management.
