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The Select Board approved the draft reserves policy with requested changes; the overall reserve target remains 8%, while the minimum floors for Free Cash and General Stabilization are 4% each.
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The updated policy sets how Concord plans and maintains financial reserves. Staff are preparing 2026 Town Meeting warrant articles that may change the General Stabilization fund authorization and create a flexible Capital Stabilization Fund. The working group will not recommend a separate reserve for potential school allocation changes unless a large shift is forecast within the next two years.
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