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The committee discussed using approximately $3 million in free cash to supplement specific FY2027 budget items rather than reduce the tax levy, including an additional $4,425,153 requested for the schools. Members also learned that a nearly $83 million school-building grant offer requires Town adoption by June 1, followed by a June 13 debt-override election.
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The proposed FY2027 budget would use free cash for designated expenses while preserving Dracut’s ability to levy the maximum allowable tax increase. The school budget request discussed was approximately $63.5 million, with a possible $300,000 reduction related to special-education prepayments, although members said updated figures were needed. The school-building project could proceed toward fall 2029 occupancy if the grant is adopted and voters approve the debt override.
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