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Finance director flags modest operational overage; wage contingency amendment to appear in July
Summary
Lahey reported general government expenditures at 47% through May (42% target) and recommended advancing a $117,350 wage contingency budget amendment to the July agenda so the committee can review a clearer six‑month picture.
Finance Director Brian Lahey presented the financial report through May 2026, noting general government expenditures were 47% of budget at the fiscal midpoint target of 42%. Lahey attributed most of the $93,000 variance to front‑loaded, non‑recurring items such as $35,500 in software and technology paid at the start of the year and training expenses; after adjusting for those, he estimated the operational overage at about $5,700.
President Jim Koleski requested that Lahey proceed with placing a wage contingency budget amendment totaling $117,350 on the July agenda rather than waiting until the typical August/September amendment window so the committee would have a clearer six‑month financial picture. Lahey confirmed the amendment will be included on the July agenda.
