Finance Committee · Jul 9
The committee is developing a backup funding plan for the High School renovation in case voters reject the primary proposal.
- First, regarding the High School renovation: With an MSBA-backed override on the horizon, the Town Manager and Committee discussed the need for a 'Plan B.' If voters reject the override, the town will be forced to find an alternative, non-MSBA funding route.
- Second, a proposal for a Technology Stabilization Fund via property tax override is under debate. While intended for infrastructure, concerns were raised that a dedicated fund might 'tie the hands' of future residents for the next 20 years by limiting fiscal flexibility.
- The discussion on the technology fund has been tabled until April 22. As these decisions involve long-term tax commitments, residents should stay engaged with the committee's progress on both the school renovation and the proposed technology override.