Council hears first reading of FY2027 budget amendment recognizing grants, insurance proceeds and carryovers

Natalie (speaker 16), presenting the first budget amendment for fiscal year 2027, said the amendment recognizes grants and entitlements, insurance proceeds for a damaged park gate, federal and state grants for police and parks needs, and prior‑year fund balance. She said the town expects to add about $7,000,000 to the general fund fund balance in the unaudited FY2026 estimate.

"We are anticipating adding around $7,000,000 to the general fund fund balance," Natalie said, noting that the proposed budget amendment is slightly less than $7.2 million and would bring the revised FY2027 budget to just over $121,000,000. She outlined uses including building safety plan review services, event and venue contracts, police AED purchases funded by state grants, and carryover of encumbrances.

Council moved the item forward on a first reading; no final adoption occurred at the meeting.