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Select Board approves FY27 budget draft for public hearing; staff flag 7% expense rise
Summary
The Select Board reviewed a first-draft FY27 budget showing general expenses up around 7% and voted 3-0 to place the draft on a public hearing schedule in January; the board and staff will continue edits prior to Town Meeting.
Select Board members reviewed the FY27 draft budget and discussed projected expense and tax impacts. Town staff presented preliminary numbers showing general expense up about 7% and an initial estimate of a 5—6% tax increase based on this draft.
"General budget expense is up around 7% with expected 5-6% increase in taxes based on this first draft," the meeting materials and staff presentation stated. After discussion about employee healthcare and wages and the project list, Henry Chandler moved and Frank Parent seconded to approve the FY27 draft budget for a public hearing in January; the motion passed 3-0.
The board will revisit the draft in January before finalizing a warning for Town Meeting. Staff noted additional reimbursement expected from a bond for DTO soft costs and that FY26 sits at roughly 51% expended at mid-year.
