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Milton has identified a shortfall in its FY27 budget, with updated assumptions showing 10% health insurance inflation and a 5.2% school cost increase, or about $1.9 million.
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The committee reviewed how earlier budget projections differed from current cost estimates and discussed possible uses of free cash and the budget stabilization fund. No final budget recommendation was adopted; members discussed waiting for state aid information and improving financial reporting. The committee also reviewed the Fire Department budget and assigned members to review several warrant articles for Annual Town Meeting.
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