Stabilization Fund Transfers

At a glance

• What: Article 6 of the October 19, 2026 Special Town Meeting moved $1.55M into savings (stabilization) accounts.
• Where it stands: adopted 287-52 with no discussion.
• Next: none; the transfers were made as voted.

The transfers

• $100,000 from Free Cash to the general stabilization fund, per the reserve policy.
• $50,000 from Free Cash to the capital stabilization fund, per the reserve policy.
• $1,000,000 from sewer retained earnings to fund future capital projects.
• $400,000 from water retained earnings to fund future capital projects.
• Recommended by the Finance Committee and the Select Board. Related: FY27 Capital Plan, Special Town Meeting Warrant - October 19, 2026.

Sources

• 2026-10-19 - Special Town Meeting
• Select Board Pre-Town Meeting - October 19, 2026

Discussion time

About 2 minutes across 1 meeting (from transcript timestamps; approximate).

Log

• 2026-10-19 - Special Town Meeting — Article 6 adopted 287-52; no discussion.