Free meeting summary
Newbury Board of Assessors Approves $252,000 Transfer to General Fund
- Meeting Overview:
In a recent meeting, the Newbury Board of Assessors agreed to release $252,558.68 from the fiscal year 2026 overlay account back to the general fund. This decision was made after reviewing the account balance, which exceeded its current liabilities, leaving approximately $250,000 to cover any expected liabilities.
With the overlay account holding over $500,000, the board considered their current financial obligations and historical averages, ultimately deciding that the surplus funds could be better utilized in the general fund. This move was aimed at optimizing the town’s financial resources.
The board also addressed real estate and personal property abatements, signing off on certificates discussed in an executive session. Additionally, a notable transaction involved the transfer of a property by Katherine O’Brien, which had been out of chapter land for four years, requiring a roll-back tax of $239.07.
Routine administrative tasks were performed, including signing motor vehicle and boat abatement packets for February. The board also set their next meeting for April 14th, in preparation for the submission of necessary tax forms by the end of that month.
Tracy Blais
Property Assessment Board Officials:
Frank “Budd” Kelley, Sanford “Sandy” Wechsler, Linda McCamic, Jason DiScipio (Principal Assessor), Stephanie Sergi (Assessors Clerk)
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Meeting Type:
Property Assessment Board
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Committee:
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Meeting Date:
03/10/2026
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Recording Published:
03/15/2026
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Duration:
13 Minutes
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Notability Score:
Routine
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State:
Massachusetts
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County:
Essex County
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Towns:
Newbury
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