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The Board of Finance approved a $455,539 FY27 appropriation from the General Fund balance to the OPEB Trust, using savings created by a $655,539 supplemental education grant. The board also approved $91,000 in year-end budget transfers, $182,000 toward the wage settlement account, and $177,000 to the Capital Equipment/Improvement Fund.
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The OPEB contribution will help Granby prepare for a significant expected increase in required retiree-benefit funding in FY28. The supplemental education grant also allowed $200,000 to be committed to reducing the FY27 mill rate. The approved year-end transfers address over-budget departments, planned retirements, and capital and technology costs.
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