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FinCom flags missing budget close and Finance Director transition ahead of FY27 season
Summary
Chair Nancy Gilfoy reported the Finance Department closed FY25 enough to issue tax bills but lacks a full close; retiring Finance Director Jonathan Snyder filed a placeholder override article to meet ballot deadlines. FinCom asked for 2–3 years of comparison data, job descriptions, and basic fiscal estimates for FY27.
Chair Nancy Gilfoy told the committee that the Finance Department had closed FY25 sufficiently to issue tax bills but did not have a final hard close; as a result, the Munis system did not yet show FY26 budget data. FinCom members urged staff to provide at least two to three years of comparative budget data and job descriptions for proposed new positions (Director of Planning, Fire Prevention Officer, Board of Health secondary agent) to support FY27 decisions.
Retiring Finance Director Jonathan Snyder submitted a placeholder override article to meet ballot deadlines. Committee members noted the statewide shortage of finance directors: at the time of the meeting, four of six Island towns lacked full-time finance directors. FinCom also reiterated the need for clear figures on the tax levy, Free Cash and projected health insurance increases for the FY27 budget cycle.
