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The Select Board reported that the South Shore Technical debt exclusion failed by 93 votes, with about 11% voter turnout. The projected FY2028 debt payment is approximately $1.093 million and would otherwise need to come from the general fund; the FY2027 budget is not affected.
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The failed debt exclusion does not change the current fiscal year budget, but it could put significant pressure on the Town’s general fund in FY2028 unless voters approve a future debt exclusion. The Town also reported receiving $60,000 for housing production planning, with a survey available to residents. The Town intends to retain the Corthell Building and is exploring renovation and a possible preschool and daycare lease.
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