Summary

FY27 Property Tax Increase Estimated at 1.96%

ConcordApr 16, 20261 min read

At a glance

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The Finance Committee confirmed that FY27 property taxes are estimated to increase 1.96%, with the overall budget rising 1.93% and five-year tax projections reaching as high as 3.03%. Road repair contracts funded through a $27.5 million borrowing authorization are being finalized, with work expected to begin this summer.

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Finance Committee

Topics discussed

TransportationBudget & TaxEnvironmentalHousing

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What this means

Residents should expect the committee to present a budget outlook showing a tax increase of about 1.96% next fiscal year. The committee also reported that all budget guidelines were met this year for the first time in three years. Road repairs funded by prior borrowing are moving toward construction, while approximately $500,000 in ARPA funds must be redirected after a proposed property purchase was abandoned because of environmental concerns.

Key decisions

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Confirmed the FY27 overall budget increase at 1.93% and estimated property tax increase at 1.96%, with five-year projections ranging up to 3.03%.
Approved the slate of Finance Committee officers for the next year by a vote of 12-0-0: Don Kupka, chair; Lyndsey Lis, vice chair; Pat Geyer, clerk; Gerard Jansen, vice clerk; Paul Rodriguez, Guidelines chair; and Brian Conway, Guidelines vice chair.
Agreed to hold the first post-Town Meeting organizational gathering on May 7, 2026, at 6:30 p.m.
Approved the March 10 and March 19, 2026 meeting minutes by a vote of 11-0-1.
Planned the committee's five-minute Town Meeting presentation, including budget figures and presentations on the General Stabilization and Capital Stabilization fund articles.
Reported that road repair contracts funded through the $27.5 million borrowing authorization are being finalized, with work expected to begin this summer.
Reported that approximately $500,000 in ARPA funds will need to be redirected after the proposed purchase of 91B Main Street was not pursued because of environmental concerns on an adjacent former gasoline-station property.

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