Finance Committee approves request for FY2026 year-to-date actuals.
Finance Committee approves request for FY2026 actuals through March, citing potential $1M interest income. Town Manager Kate Hodges presented the FY2027 budget of approximately $63.487 million for schools, deploying $7 million of $14 million free cash to supplement specific areas while preserving
Finance Committee · Meeting of April 16, 2026
DRACUT — Finance Committee approves request for FY2026 actuals through March, citing potential $1M interest income. Town Manager Kate Hodges presented the FY2027 budget of approximately $63.487 million for schools, deploying $7 million of $14 million free cash to supplement specific areas while preserving the town's ability to levy to the 2.5 percent maximum. The Massachusetts School Building Authority approved a nearly $83 million grant for the school project; the town will vote to adopt the grant June 1st and hold a debt-override election June 13th.
Members also learned that all Finance Committee volunteers are being removed as of June Town Meeting and may reapply.
In the full story:
- The complete report — 415 words
Source: the Finance Committee meeting of April 16, 2026, compiled from the official minutes.
Members read the rest of this story and every Dracut meeting we cover, in full.
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