Finance Committee charts FY27 budget with lower insurance costs
Wenham Finance Committee mapped the town's FY27 budget path while exploring override options. Insurance costs came in lower than expected at 13.5 percent instead of 16 percent, helping narrow the gap between expenses and the levy limit. Chair Phineas Sprague and the committee decided to reduce
Finance and Advisory Committee · Meeting of February 11, 2026
Wenham Finance Committee mapped the town's FY27 budget path while exploring override options. Insurance costs came in lower than expected at 13.5 percent instead of 16 percent, helping narrow the gap between expenses and the levy limit. Chair Phineas Sprague and the committee decided to reduce operating budget expenses by 2 percent, yielding a 64,000 dollar savings.
The committee reviewed certified free cash of 1,769,951 dollars and planned deductions totaling 846,698 dollars, leaving a remaining balance of 923,253 dollars. Joint meetings with the Select Board are scheduled for February 24 and March 3 to finalize budget recommendations, with the Finance Committee report due by March 3.
In the full story:
- The complete report — 271 words
Source: the Finance and Advisory Committee meeting of February 11, 2026, compiled from the official minutes.
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