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The Finance Committee unanimously voted to use $1,000,000 from the Stabilization Fund to help balance Holden’s fiscal year 2027 budget. It also approved multiple budget reductions, including $114,292 from DPW, $26,000 from Police non-contractual funds, and $10,000 from EMS non-contractual funds.
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The votes support balancing the proposed fiscal year 2027 budget through department reductions and use of reserve funds. The committee restored $150,000 to its own budget and authorized an additional $50,000 from the Stabilization Savings account if an unforeseen emergency occurs. The committee discussed, but did not set, the amount of a proposed tax override; that discussion was scheduled to continue at the next meeting. Members also clarified that the $35 million water and sewer settlement cannot be used to reduce taxes because it applies to system ratepayers rather than all taxpayers.
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