Scituate shifts FY27 funding to close insurance-driven budget gap
Financial Forecasting Committee · Meeting of March 10, 2026
SCITUATE — The Financial Forecast Committee approved amendments to the FY27 budget forecast to address a $202,344 shortfall. Finance Director Nancy Holt reported the Mayflower Municipal Health Group voted a 10 percent rate increase for FY27, which would obligate over $6 million in reserves. The committee approved deferring the $176,286 annual OPEB Liability contribution to the fall special town meeting and transferring those funds to Contributory Group Insurance.
The vote was unanimous. Town Administrator Jim Boudreau said the town remains within its financial policies.
In the full story:
- The complete report — 251 words
Source: the Financial Forecasting Committee meeting of March 10, 2026, reported from the official video recording and transcript.
Keep reading with a 30-day free trial
Subscribe to Scituate News to keep reading this post and get 30 days of free access to the full post archives.
Starting a trial requires a payment method. After 30 free days your subscription begins at the price shown at checkout and renews automatically until you cancel. You can cancel anytime from your account. Subscription terms
A subscription gets you:
- Subscriber-only posts and full archive
- Post comments and join the community
- 24x7 access to local news