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The Town Council voted 8-0 to transfer $5,317,073 in FY26 free cash into the Capital Stabilization Account, where the funds can earn interest and support future capital needs.
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The transfer gives the town a larger reserve for capital projects and unexpected needs, while requiring future spending requests to return to the Town Council and Finance Sub-Committee. The council also approved designating town general laborers and town/school groundskeepers as Special Municipal Employees and authorized payment of a $24.99 late FY25 invoice. An environmental remediation tax-relief measure advanced after the council waived its first-reading requirement; a public hearing and final vote are scheduled for February 9, 2026.
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