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The Select Board recommended a temporary 60/40 health insurance cost split, a 1% real estate transfer fee on qualifying sales, and several FY27 fund transfers. The transfer-fee recommendation passed 2-0, while the other recommendations received unanimous support.
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If approved at Town Meeting, the health insurance article would increase the Town’s share of employee premiums from 50% to 60% for one year. The proposed real estate transfer fee would apply to sales above $863,000 and could have generated an estimated $2.7 million in 2025, with funds directed to affordable housing until Hingham reaches the state’s 10% goal. The Board also supported $1.86 million in Community Preservation funding and authorized agreements for previously approved grants.
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