Milton Budget Coordination Committee eyes long-term budget stability, forecast model
Milton Budget Coordination Committee debates five-year outlook as $1.049 million FY27 deficit looms. Town Administrator Nicholas Milano reported that the Select Board Finance Committee and School Committee Finance Subcommittee approved the updated FY27 budget on February 4, with the School
Milton Budget Coordination Committee · Meeting of February 9, 2026
Milton Budget Coordination Committee debates five-year outlook as $1.049 million FY27 deficit looms. Town Administrator Nicholas Milano reported that the Select Board Finance Committee and School Committee Finance Subcommittee approved the updated FY27 budget on February 4, with the School Department absorbing the full deficit under the current revenue split, while the town allocates $500,000 in Free Cash to school reserves. Warrant Committee Chair Jay Fundling presented a five-year forecast model and proposed a formal policy for the Operating Budget Stabilization Fund, but committee members questioned whether the model's 4.5-percent annual school-cost increase assumption was realistic and debated whether an override vote should occur in Spring 2029 or Spring 2030.
Vice Chair Leroy Walker emphasized that the forecast serves as a starting point rather than a precision tool, and the committee assigned action items due before its February 23 meeting.
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Source: the Milton Budget Coordination Committee meeting of February 9, 2026, compiled from the official minutes.
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