APPROPRIATION / FISCAL STABILITY STABILIZATION FUND 

To see if the Town will make an appropriation to or from the Fiscal Stability Stabilization Fund created under Article 65 of the 2005 Annual Town Meeting or any other enabling action of Town Meeting in accordance with the provisions of the General Laws, Chapter 40, Section 5B, as amended, or other appropriate provisions of law, determine how the money shall be raised and expended; or take any action related thereto.

Inserted at the request of the Finance Committee

An appropriation out of the Fiscal Stability Stabilization Fund will be required to balance the FY 2025 budget. How much of an appropriation is needed will depend on the amount of the appropriation needed in connection with Article 65, Collective Bargaining. At the time of the writing of this Report, no agreements have been reached; however, agreements could be reached before Town Meeting concludes. Even if agreements are not reached, the Finance Committee will recommend an appropriation of $1,107,282 to help fund the Salary Reserve account for future contracts.

The Finance Committee Supplemental Report provides a recommended vote.

That the sum of $4,374,790 be and hereby is appropriated from the Fiscal Stability Stabilization Fund, and that the Board of Assessors is instructed to use said amount in the determination of the tax rate.

Finance Committee Report

Finance Committee Supplemental Report