Finance Committee & Select Board approves Capital Stabilization Fund warrant article.
Finance Committee · Meeting of May 5, 2026
Andover Finance Committee and Select Board Subcommittee vote unanimously to create Capital Stabilization Fund. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green presented a framework targeting capital projects in the $20 million to $50 million range, with $50 million for town buildings and $20 million for school buildings. The subcommittee also clarified voting requirements: two-thirds vote to withdraw from the fund, majority vote to deposit.
Mr. Flanagan will consult Town Counsel Doug Heim to refine language for a Special Town Meeting warrant article.
In the full story:
- The complete report — 272 words
Source: the Finance Committee meeting of May 5, 2026, reported from the official video recording and transcript.
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