Reading Select Board Grapples with Financial Management of Surplus Funds and School Project Logistics
- Meeting Overview:
In a recent Reading Select Board meeting, discussions primarily revolved around the financial management of surplus funds related to the school project and the logistics concerning construction schedules and safety protocols. Members addressed concerns about the prudent use of taxpayer money and the need to align cash flow projections with the construction timeline.
A significant portion of the meeting was dedicated to the financial management of surplus funds from the school project. One participant emphasized the necessity of not retaining all surplus funds, stating that it would be poor policy and reflect negatively on the board. The sentiment was that these funds belong to the public. This perspective was largely agreed upon, with the board planning to vote on the exact amount to be returned in the next meeting.
Further financial discussions included the approval of various invoices and commitments. Notably, payments were approved for services such as builder’s risk insurance with Cab Risk Strategies, totaling $145,782. The board also acknowledged a significant commitment of $76,387,825 linked to the larger construction project, opting to treat these as acknowledgments rather than formal approvals. An updated cash flow projection was anticipated soon, reflecting contractor projections and informing future financial decisions.
Another focal point of the meeting was the logistics of the school construction project, particularly concerning safety and scheduling. The introduction of the general contractor, TJ Dolly of Break Builders, was a key element, as he outlined the project team and addressed initial delays. Dolly assured members that preparations were underway, with building permits applied for and environmental protection measures discussed with the public works department. His presentation emphasized collaboration and communication to maintain the project’s trajectory.
Safety protocols were also scrutinized, especially regarding fire department coordination and parking management as the school year approaches. Concerns were voiced about ensuring the fire department’s familiarity with changes in egress routes during emergency drills and the adequacy of staff parking, given that trailers would occupy some spaces. There was a call for a meeting with the fire chief to align on safety measures and ensure teachers were well-informed about new protocols.
The meeting also touched on the construction schedule and cash flow projections, emphasizing the importance of aligning these elements to facilitate efficient project financing. The need for a Licensed Site Professional to oversee soil management and compliance was acknowledged, with a preliminary schedule and soil management plan expected for review soon. These measures were seen as essential for maintaining transparency and ensuring the project proceeded smoothly.
Concerns about tree protection in the construction area were raised, with a certified arborist developing a plan to be reviewed by the tree board. Although a public hearing was not required, the board recognized the potential for public interest due to existing tree protection laws.
Matt Kraunelis
City Council Officials:
Mark L Dockser, Karen Gately Herrick, Carlo Bacci, Christopher Haley, Matt Kraunelis (Town Manager)
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Meeting Type:
City Council
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Committee:
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Meeting Date:
07/20/2026
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Recording Published:
07/20/2026
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Duration:
47 Minutes
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Notability Score:
Routine
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State:
Massachusetts
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County:
Middlesex County
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Towns:
Reading
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