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Beverly faces a projected FY27 deficit of $3,633,172. The committee began evaluating two broad options—reducing services or increasing recurring revenue—with a possible $100 trash-fee increase discussed as a measure that could raise about $2.5 million.
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The meeting was informational and did not decide how to close the projected deficit. Officials said employee compensation, healthcare, and pension costs make up 71.6% of the city’s budget, while relying on reserves and one-time funds for ongoing costs would not be sustainable. Service reductions could eliminate approximately 36 school positions and 9 to 10 municipal positions, according to the discussion. The committee is expected to approve a report before the December 31, 2025 deadline.
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