A series of financial decisions are set to be made in June at the town's fiscal assembly, where five resolutions requesting voter approval to borrow a total of $8.4 million will be addressed. In addition, the electorate will deliberate on whether to endorse a budget totaling $30.84 million for the upcoming fiscal period.
Among the key proposals is a plan to secure $2.5 million in bonds for infrastructure enhancements across several public facilities, including the Senior Center, Recreation Center, Fire Station, North Road Transfer Station, and Town Hall. Another resolution seeks funding for highway department needs, aiming for nearly a million dollars to upgrade vehicles and equipment. Meanwhile, an allocation of $450,000 is requested to improve recreational areas along Eldred Avenue. Additionally, a significant portion of the borrowing request involves earmarking $1.5 million for the creation of bike paths and $3 million towards expanding affordable housing options within the community.
Beyond the borrowing measures, the proposed budget represents an increase over the previous year, with a focus on educational and municipal expenditures. The school system's funding requirements have been fully accommodated, reflecting a modest rise from the prior fiscal year. On the municipal side, operational costs are slated to increase slightly as well. While projected revenues cover nearly one-fifth of the budget, property taxes will need to account for the remainder, adhering to state-imposed limitations. As the current tax rate remains under review due to ongoing property reassessments, its future value remains uncertain heading into 2026.
The town's commitment to enhancing public services through strategic investments underscores a forward-thinking approach to community development. By prioritizing infrastructure improvements, transportation alternatives, and affordable housing solutions, the leadership aims to foster a sustainable environment that meets the evolving needs of its residents. This proactive stance ensures that financial resources are allocated effectively to support both immediate and long-term goals.