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Finance Committee backs $223,849 in FY26 budget supplements
Summary
The committee recommended Article 1, approving $223,849 in supplemental appropriations for FY26 to cover short‑term interest, insurance, and legal-service needs; members noted the funding is drawn from a mix of special funds and transfers.
The Dennis Finance Committee reviewed and unanimously recommended Article 1, which would raise and appropriate and transfer various sums totaling $223,849 to cover FY26 budget shortfalls and short‑term interest payments.
A staff presenter summarized the line items: $39,774 for short‑term interest on private-road betterments, $40,948 for short‑term interest related to wastewater Phase 1 (non‑SRF eligible costs), $50,000 for property and liability insurance, and $25,000 for legal services. The presenter explained different funding sources are proposed for each line item—some drawn from special funds rather than the general operating fund.
A committee member moved to recommend the article and read the suggested motion from the packet; another member seconded and the committee voted unanimously to support the recommendation. The recommendation will be reported at the special town meeting.
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