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The town reduced its projected budget deficit from $510,000 to $502,000 after receiving updated liability insurance information. The Select Board and Finance Committee reviewed six departmental budgets and continued seeking additional savings.
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Pepperell’s upcoming budget still has a projected $502,000 shortfall. Officials identified a favorable insurance cost difference because the budget assumed a 3% increase, while the actual increase was 1.25%. Additional budget reviews, including the fire department and remaining departments, were scheduled for March 12.
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