Financial Oversight Board

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Financial Oversight Board(381)

11
85
159
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381
11 Minutes — 381 Minutes

Routine
Notable
1 — 4

Overview: The Manchester-By-The-Sea Finance Committee recently convened to discuss several pressing financial matters, notably the budgetary adjustments necessitated by the loss of a million-dollar grant and the uncertainty surrounding another substantial $1.5 million grant from NOAA. These developments have implications for the town’s fiscal planning, especially concerning library donations and sewer system upgrades.

Overview: The Norton Finance Committee recently met to tackle a range of financial topics, with discussions primarily focusing on a new solar pilot agreement, library funding, and the town’s budget constraints. The committee approved a long-debated solar payment in lieu of taxes (pilot) agreement with a solar company operating on Hill Street, which is expected to yield approximately $15,000 annually for the town over the next 11 years. The meeting also delved into the library’s budget request for fiscal year 2026 and the challenges of staffing and compliance in the assessor and treasurer departments.

Overview: The Marlborough Finance Committee meeting on March 31, 2025, addressed two major issues: the approval of fund transfers for recreational improvements and the introduction of an ordinance banning second-generation anticoagulant rodenticides on city properties.

Overview: In the latest Townsend Audit Committee meeting, members discussed the engagement letter from Roselli Clark and Associates, focusing on the financial implications for the town’s upcoming fiscal year audits. They identified an increase in audit fees and considered budget adjustments to accommodate potential federal grant audits.

Overview: The Lunenburg Finance Committee meeting on March 27, 2025, was dominated by discussions on budgetary challenges, notably a citizen’s petition for a Proposition 2½ override to restore school funding, and the intricacies of managing the town’s financial obligations. The debates underscored the complex fiscal environment and the necessity for strategic financial management amidst rising costs in education and town operations.

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