Finance Committee approves stabilization fund transfers from Free Cash.
Finance Committee · Meeting of February 18, 2026
Chesterfield Finance Committee approves stabilization fund transfers from Free Cash for fiscal 2027. The committee voted unanimously to fund the School Maintenance Stabilization Fund ($20,000) and Fire Truck Stabilization Fund ($40,000) from Free Cash rather than the operating budget, and set the Capital Projects Stabilization Fund at $400,000. Hampshire Regional School District's preliminary budget showed a 5.66 percent increase; Chesterfield's assessment jumped to $621,345, a $131,679 increase reflecting higher enrollment.
New Hingham School District's FY 2027 budget indicates a 7.3 percent increase in town assessments, driven by enrollment growth, 39 percent health insurance premiums, and 3.5 percent salary increases. Select Board Liaison Trish Colson-Montgomery agreed to advocate to the state Department of Elementary and Secondary Education for equitable Chapter 70 and SIMS funding for students shared between towns.
In the full story:
- The complete report — 273 words
Source: the Finance Committee meeting of February 18, 2026, reported from the official video recording and transcript.
Keep reading with a 14-day free trial
Subscribe to Chesterfield News to keep reading this post and get 14 days of free access to the full post archives.
A subscription gets you:
- Subscriber-only posts and full archive
- Post comments and join the community
- 24x7 access to local news