Haseeb Fatmi

August Financial Position

No electric rate increase planned for next year's budget; ARPA funds must be spent by year-end.

Municipal Service District Redesign

Would have added roughly $250–$600 per year to affected homeowners' property taxes; the denial avoids that cost.

Board Vacancy Selection Process

FY 2026-2027 Annual Operating Budget

No property tax increase proposed; the MSD tax rate goes down, and the town flags possible lean years ahead.

2026-2031 Capital Improvement Plan

The CIP covers five years of capital spending; specific totals were not stated on the record at this meeting.

FY 2026-2031 Capital Improvements Plan

A potential $175 million bond referendum in 2028 could affect future tax bills; $53 million of already-authorized bonds remain to be issued.

Rising electric power costs

Wholesale power costs projected to rise 2.5–3.5% per year, with a 4.5% increase planned for 2026.

FY 2026-2027 Proposed Budget

Residential growth costs the town 20 cents on the dollar; a fiscal analysis may require hiring a consultant.

State Property Tax Legislation Uncertainty

Could force major changes to the town's revenue outlook and the planned 2027 revaluation assumptions.

Amended grant policy and procedures

Positions the town to pursue more of the $20+ million in grant funding landscape, including a pending $18,000 AARP crosswalk grant and a $200,000 Flaherty Park application.

Schooldev lawsuit settlement

$725,000 paid from town funds, with $332,370.13 covering attorney fees.

Strategic plan refresh for 2027

A refresh is cheaper than a full overhaul; consultant costs to be budgeted.

FY 26 vehicle and equipment purchases

About $1.4 million in vehicle and equipment purchases financed through an installment agreement.