Article 19. Establish a Capital Stabilization Fund

ARTICLE 19. To determine whether the Town will establish a Capital Stabilization Fund as authorized by Mass. Gen. Laws c. 40, § 5B; or take any other action relative thereto.

Article Explanation

At Annual Town Meeting 2025, vigorous discussion resulted in a comprehensive review of the Town’s financial reserves policies. Since then, the Financial Policy Working Group has drafted a thorough Financial Reserve Policy, which was accepted by the Select Board on December 22, 2025. The final policy can be found at https://concordma.gov/2562/Financial-Policies. Following acceptance of this policy, the working group has encouraged the establishment of a Special Purpose Stabilization Fund for future capital needs. Establishing a Capital Stabilization fund for future large building projects will allow the Town to start setting aside funds when available to alleviate future planning, design and construction costs or borrowing on large projects.

Article Motion

Ms. Rovelli moves that the Town establish a Capital Stabilization Fund as authorized under Massachusetts General Laws Chapter 40, Section 5B.

2/3rd vote required