Finance Committee approves FY2027 budgets totaling $21.2 million.
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, reported from the official video recording and transcript.
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