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The Town Manager reported that the upcoming budget is balanced and recommends $142 million in water distribution and treatment plant improvements over five years.
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Andover’s proposed budget includes a 2.7% increase in overall state aid, while the next tax bill is projected to remain below the town’s 10-year average. The committee reviewed $8.465 million in FY2027 capital requests for facilities, security, vehicles, parks, major town projects, and energy upgrades. The town’s FY2025 financial statements comply with required accounting standards; pension funding improved to 97.9%, while the reported OPEB liability increased to $93 million.
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