Finance-Select Board Subcommittee advances revised capital and stabilization fund policies.
Andover's Finance Committee and Select Board Subcommittee refined draft capital stabilization and financial policies. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green led discussion of language governing debt management, capital project funding, and public communication of
Select Board · Meeting of May 13, 2026
Andover's Finance Committee and Select Board Subcommittee refined draft capital stabilization and financial policies. Town Manager Andrew Flanagan and Chief Financial Officer Hayley Green led discussion of language governing debt management, capital project funding, and public communication of facility replacement schedules. Members recommended replacing "capital projects" with "major building projects," adding references to the Facilities Master Plan, and clarifying that non-exempt debt should not exceed 10 percent.
The subcommittee agreed materials were nearing completion but directed staff not to transmit them until after the Special Town Meeting.
In the full story:
- The complete report — 220 words
Source: the Select Board meeting of May 13, 2026, compiled from the official minutes.
Members read the rest of this story and every Andover meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this brief
Know someone in Andover who follows town government? Share Townbrief Andover: they can sign up free.