Finance Committee endorses $4.6M capital plan, $600K facilities study, and Beede Center transfer.
Finance Committee endorses $4.6 million capital plan and $600,000 facilities study. Chair Lois Wasoff's committee voted unanimously to recommend Article 11, appropriating $2.17 million and transferring $909,000 in overlay surplus and $1.55 million in free cash—a strategy that avoids approximately
Finance Committee · Meeting of March 19, 2026
CONCORD — Finance Committee endorses $4.6 million capital plan and $600,000 facilities study. Chair Lois Wasoff's committee voted unanimously to recommend Article 11, appropriating $2.17 million and transferring $909,000 in overlay surplus and $1.55 million in free cash—a strategy that avoids approximately $426,000 in debt service costs over 10 years. Article 48, authorizing a $1.17 million transfer from the Beede Center's retained earnings, passed 14-0.
Article 12, funding the Land Use Working Group's municipal facilities planning through 18-24 months of work streams focused on the MCI Concord site, passed 13-1 after committee members noted the appropriation is essential before issuing RFPs.
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Source: the Finance Committee meeting of March 19, 2026, compiled from the official minutes.
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