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The Wellesley Municipal Light Board unanimously approved a FY27 operating budget of approximately $38.5 million and a $10.55 million capital budget. The operating plan projects about $43.5 million in revenue and $3.9 million in net income.
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The approved budgets fund Wellesley Municipal Light Plant operations and infrastructure improvements, including system reliability and equipment modernization. The Board emphasized clearer tracking of reserves and development of an updated five-year capital plan. It also approved a 5% increase to salary ranges for positions classified EL6 and above, while postponing final decisions on the scope and eligible spending of the WeCARE clean-energy program.
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