BoardMadison

Board of Finance

Track committee activity, current roster, and published meeting coverage for Board of Finance in Madison.

0 active membersLast meeting Jul 27, 202610 summaries in 30d

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Active roster

Latest activity

Aug 21, 2026

Municipality

Madison

Latest coverage

Board approves Surf Club repairs

Published Aug 21, 2026

Related summaries

Published meeting coverage connected to Board of Finance.

Briefing

Jul 27, 2026

Board approves new wheel loader lease

The Board of Finance unanimously approved adding a 2026 John Deere 544P-Tier wheel loader and related equipment to a five-year capital lease, increasing annual lease payments by $49,000. It also approved moving the replacement of a no-longer-serviceable 2003 Volvo wheel loader from fiscal years 2029–30 to 2026–27 and accepted an annual grant of up to $12,808 for the MYFS Summer Youth Employment Program.

1 min readMunicipal coverage

Briefing

Jul 15, 2026

Election Reserve Fund Approved

The Board of Finance approved a regulation creating a Town Clerk and Registrar of Voters Reserve Fund and approved a $19,950 initial appropriation, both with one member abstaining and the appropriation pending Board of Selectmen approval.

1 min readMunicipal coverage

Briefing

Jun 17, 2026

Board Approves Opioid Funds and Ambulance Shift

The Board approved $17,590 from Madison’s opioid settlement account: $10,000 for synthetic-opioid education and $7,590 for Narcan deployment. It also unanimously approved moving $350,000 in capital funding forward one year for an ambulance purchase.

2 min readMunicipal coverage

Briefing

May 20, 2026

Board Approves Storm and Service Funding

The Board of Finance unanimously approved $220,000 for winter-storm supplies and overtime, $75,000 for Meals-on-Wheels, $125,000 for coastal resiliency, and $135,000 for police special-duty overtime, with some actions still requiring additional approvals.

2 min readMunicipal coverage

Briefing

Apr 29, 2026

Board sets mill rate at 23.06

The Board of Finance unanimously set the mill rate at 23.06, using $2,261,940 in state revenue, a 99% anticipated tax collection rate, and $400,000 from the prior year’s fund balance. Tax bills are expected to show 23.58 mills to reflect anticipated state revenue.

2 min readMunicipal coverage

Briefing

Apr 9, 2026

Madison Accepts $1.16 Million Road Grant

The Board of Finance unanimously accepted a $1,160,400 LOTCIP grant for Scotland Avenue roadway improvements. Combined with an earlier $800,000 connectivity grant and $375,000 in approved CIP funding, the grant reduces Madison’s expected matching contribution from about $1.2 million to approximately $250,000.

1 min readMunicipal coverage

Briefing

Mar 31, 2026

Board Reviews 2026-27 Budget Changes

The Board of Finance reviewed anticipated changes to the town’s 2026-2027 budget and potential changes to education funding. A request was made to reconsider a $20,000 reduction to the Meals-on-Wheels program, but the minutes record no vote on that request.

1 min readMunicipal coverage

Briefing

Mar 18, 2026

Board Returns $282,457 to Master Account

The Board of Finance unanimously approved returning $282,457.47 from residual capital project balances to the Master Account in the CNRE Fund. It also unanimously appointed Mahoney Sabol as the town’s auditor for fiscal year 2025-2026.

1 min readMunicipal coverage

Briefing

Feb 18, 2026

Madison approves $1.85 million sidewalk grant

The Board of Finance unanimously approved accepting a $1,845,600 LOTCIP grant for sidewalk and crosswalk improvements along Boston Post Road. Madison has spent about $140,000 on planning and engineering so far, and will be responsible for approximately $20,000 in additional beacon crosswalk work.

1 min readMunicipal coverage

Briefing

Jan 21, 2026

Board approves Surf Club repairs

The Board of Finance approved a $68,100 special appropriation for storm-related repairs and improvements at the Surf Club by a 4-2 vote, after rejecting a motion to delay the decision. Members also unanimously approved a $2.57 million transportation grant for Copse Road and Warpas Road construction, including sidewalk segments.

2 min readMunicipal coverage