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Milton’s updated FY27 budget shows a $1,049,000 deficit and would reduce the School Department’s request by that amount if the current revenue-sharing approach continues. The proposal also includes $500,000 in Free Cash for school reserves, while members continued discussing future override timing and budget assumptions without taking a vote.
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The committee is developing a longer-term budget forecast to show residents how costs, revenues, school spending, and possible overrides could affect future budgets. Members said the forecast needs more information, including school cost projections, Free Cash calculations, and assumptions about town and school expenses. Staff and committee representatives will revise the forecast and coordinate before the next meeting.
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