Laserfiche WebLink
<br />FINCOM-Regular Session <br />January 22,2026 <br /> <br />1.Town Manager presents the FY2027 Capital Improvement Plan <br />The Town Manager presented the FY2027 Capital Improvement Plan, reviewing <br />departmental requests and identifying funding sources: recommended projects funded <br />through Capital Stabilization, debt exclusions, separate funding sources, and items not <br />recommended. Several original requests, including Fire Station 3, were removed. <br />Additional funding sources were identified for specific projects, including revolving <br />accounts, ambulance receipts, and debt exclusions, with notable debt exclusion items for <br />wastewater design. <br />Committee members reviewed each request in detail and discussed funding strategies. <br />Safety considerations were emphasized for school facilities, roadway resurfacing, and <br />public works equipment. <br />Concerns were raised regarding the use of stabilization funds and upcoming insurance and <br />collective bargaining impacts. <br />2.Town Manager updates on other items <br />The Town Manager provided updates on other budget items, noting ongoing challenges in <br />maintaining a balanced operating budget due to rising operational costs, particularly <br />personnel expenses and approximately $2 million added annually for wastewater <br />management. The Town Manager stated he will be addressing these issues with the Select <br />Board and is preparing a summary outlining current conditions, projected impacts, and <br />options to maintain essential services. <br /> <br />The Town Manager reported that wastewater revenue from connected homes is expected <br />to begin in April. Warrant articles are due by February 9, with the Select Board retaining the <br />ability to add articles after that date. <br /> <br />3. Review FY2027 Budget Department Requests <br /> <br />