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The committee reviewed revisions to Andover’s financial policies, including a proposed Capital Stabilization Fund for projects expected to cost around $10 million and a higher capital-improvement threshold of $35,000.
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The revisions would clarify how the Town uses reserves, one-time revenues, and stabilization funds for major projects and unexpected costs. They would also update water and sewer financial policies to support stable, multi-year rates and ensure charges reflect actual service use. No final policy approval was recorded; members were asked to review a consolidated version for further revisions.
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