Finance Committee approves FY2027 budgets totaling $21.2 million.
Wakefield Finance Committee reviews departmental budgets totaling $21.2 million for FY2027. Health and Human Services requested $608,240.10 with plans to allocate opioid settlement funds toward a recovery coach position and addiction programs. Retirement Board Executive Director Cathy Cheek
Finance Committee · Meeting of March 26, 2026
Wakefield Finance Committee reviews departmental budgets totaling $21.2 million for FY2027. Health and Human Services requested $608,240.10 with plans to allocate opioid settlement funds toward a recovery coach position and addiction programs. Retirement Board Executive Director Cathy Cheek presented a budget of $9,595,047.00 with increases tied to amortization schedule.
DPW Director Joe Conway presented $7,555,600.00, reflecting 0.05 percent growth excluding pending labor agreements. Retirement Board member Daniel W. Sherman forecast a $4.165 million projected deficit for FY2027 and negative free cash of $1.9 million by end of FY2029.
In the full story:
- The complete report — 389 words
Source: the Finance Committee meeting of March 26, 2026, compiled from the official minutes.
Members read the rest of this story and every Wakefield meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this brief
Know someone in Wakefield who follows town government? Share Townbrief Wakefield: they can sign up free.