Finance Committee approves stabilization fund transfers from Free Cash.
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
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.
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Source: the Finance Committee meeting of February 18, 2026, compiled from the official minutes.
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