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The Financial Policy Working Group unanimously recommended three reserve-related warrant articles: transferring $750,000 to the General Stabilization Fund, transferring $1.25 million to a proposed Capital Stabilization Fund, and releasing $1.5 million from the Middle School Stabilization Fund to offset FY27 debt service. The General Stabilization Fund has about $1.1 million against a policy target of approximately $5.95 million.
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The recommendations would add money to two reserve funds for future financial and capital needs while using $1.5 million from the Middle School Stabilization Fund to reduce the Town’s FY27 debt burden. The transfers still require action through the Town Meeting warrant process. The group also agreed that its capital and debt policy needs further review, including how to measure capital spending when regional school costs are included.
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