Finance Panel Reorganizes, Sets Stage for Dec. 7 Meeting
Shrewsbury Finance Committee reorganizes, reports $26 million in town reserves. Jim Flynn was elected chair, Milind Kanikar vice chair and committee member David clerk in unanimous 8-0 roll-call votes.
Finance Committee · Meeting of September 17, 2026
Shrewsbury Finance Committee reorganizes, reports $26 million in town reserves. Jim Flynn was elected chair, Milind Kanikar vice chair and committee member David clerk in unanimous 8-0 roll-call votes. Director of Fiscal Planning Alex Martinez reported fiscal 2026 local receipts of $19,875,825, about $2.6 million over budget, and a preliminary free cash estimate of $9.6 million, or "5.69 percent of the FY27 operating budget." Town Manager Kevin Mizikar said the town expects a December 7 Fall Town Meeting focused on zoning bylaws for drone-delivery logistics and computer data centers, with no financial articles.
Investment adviser Alex Bartholomew of Bartholomew & Company told the panel the town's $15 million OPEB trust is "not in a bad spot" despite a $58.3 million actuarial liability, while the town's $94 million operating fund is yielding about 4.5 percent. Staff flagged motor vehicle excise and investment income as softening revenue categories heading into fiscal 2027.
In the full story:
- Who Was There
- Organizations And Documents Referenced
- The complete report — 3,621 words
Source: the Finance Committee meeting of September 17, 2026, reported from the official video recording and transcript.
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