Select Board — February 9, 2026

**Lexington Select Board Meeting Summary — February 9, 2026**

At the February 9, 2026 Select Board meeting, the board voted unanimously (5-0) to approve the Town's recommended FY2027 budget — more than $150 million — along with its financing plan.

The vote came after a substantive discussion about the town's fiscal position. Finance director Carolyn Koznoff warned the board that using free cash for operating expenses is contrary to municipal best practices, stating that it 'essentially means it's just kicking the cuts down the road until the next year.' Free cash is certified at $20.75 million, and state aid has been reduced. Staff also explained the impacts of reduced budget cushions on future free cash generation.

When the possibility of using capital stabilization funds for operations was raised, board member Jill Hay opposed it firmly, stating: 'Speaking for myself, I would feel that reallocating those funds would renege on a representation that we made to the community on which they based their voting' — a reference to commitments made during the high school debt exclusion campaign.

Board member Vanita Kumar captured the broader fiscal moment, referencing discussions at the MMA conference: 'Nobody's going to come to save us. We have to save ourselves. We have to figure out solutions and balance the long term and the short term.'

The board also received a presentation on Article 25, a citizens' article from Matt Daggett to reauthorize a home rule petition for a residential linkage fee on new construction replacing demolished homes. The surcharge would fund affordable housing, with rates set by the Select Board and a 5-year abatement process for owner-occupants. Daggett was asked to revise language around nexus study timing and abatement process clarification before Town Meeting.

Finally, the board planned their report to Annual Town Meeting, with Vanita Kumar assigned to write the home rule petition updates section and Jill Hay (with potential assistance from Joe Pato) assigned to write the budget challenges section, both due March 1.

Lexington residents should be aware that the town's finance staff has flagged structural budget concerns heading into FY2027. The board has committed to beginning fiscal policy conversations in the spring. If you have concerns about the town's fiscal direction, engagement before Town Meeting is important. https://meetingwatch.org/ma/lexington/select-board/2026-02-09/ #MeetingWatch #LexingtonMA