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Lynnfield reported an $803,000 general fund revenue deficit, $1.2 million in uncollected FY2026 real estate taxes, and only $273,000 in free cash. The Select Board also approved the rail trail lease, a conditional Rivian auto dealer license, the 2026 Hazard Mitigation Plan, and a three-year firefighters’ contract with 3% annual cost-of-living adjustments.
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The town is managing significant year-end financial pressure, including a $650,000 snow and ice deficit and low available reserves. The rail trail project moved forward through approval of a lease for the rail bed corridor, but a vote on temporary easements at 127 and 130 Summer Street was delayed pending further review. Rivian’s license requires demonstration drives to use a pre-programmed Interstate 95 route and follow five safety conditions.
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