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The committee reviewed Fiscal Year 2027 budget requests, including $8,031,261 for Police, $2,147,295 for the Library, and $630,643.21 for Information Technology. Members were also told that the current-year deficit remains around $4 million assuming a 2.5% police cost-of-living increase.
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The meeting focused on proposed department spending for the next fiscal year rather than final budget approval. Police costs include an added officer, higher July 4 expenses, radio maintenance, and vehicle parts, while the Library cited HVAC and other building-system needs. The committee also discussed a credit-rating downgrade and the effect of long-term debt, including the new high school, on Wakefield’s finances.
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