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Malden’s FY2027 budget outlook includes a $5 million year-over-year swing in Chapter 70 funding, while a health insurance transition is projected to save about $3 million in its first year. The Mayor is expected to submit the appropriation order on April 28, with a target City Council budget vote by June 16.
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The city is preparing a difficult FY2027 budget because state education aid increased by $5.5 million last year but only $500,000 this year. Malden expects its move to the state group insurance program to produce about $3 million in first-year savings, although the final amount will depend on employee enrollment and claims. The committee plans public hearings and department reviews, with dedicated discussions for schools, police, and fire.
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