The Williamstown Finance Committee meets on an as-needed basis. Watch them LIVE on WilliNet Channel 17. Previously recorded meetings air on WilliNet Channel 16.
Mt. Greylock Regional School District presents FY26 Budget. Interim Superintendent Joe Bergeron says 16% health insurance increase contributor to an overall budget increase of 7.96%. Superintendent Jim Brosnan presents McCann Technical School budget.
Fin. Comm. welcomes new member Margo Neely. She fills the seat vacated by decades-long veteran member Elaine Neely. Town Moderator Beth Goodman appointed Margo who had submitted a Government Engagement Activity Form. Dept. of Public Works Director Craig Clough & Highway Superintendent Justin Olansky present DPW budget. Fin Comm adds Public Hearing on Tue, 3/18, 7pm to hear from the 9 non-profit organization applicants for town funding totalling $445K, current FY26 budget line of $200K.
Joe Bergeron, MGRSD interim Superintendent, explains the 16% increase in employee health insurance premiums; Chief Ziemba presents WPD budget; Angela Zimmermann presents Milne Public Library budget. Fin Comm begins discussion of the 9 applications for 'non-proft organization town funding' totally $445,000. Town Manager Bob Menicocci has moved this historically 'free cash' (a town's operating budget surplus from prior year) funded expenditure into the FY26 Town budget, increasing to $200K.
Town Budget Overview, including use of free cash, capital budget, disc. of non-profit allocations; Debt Study Group presentation; Discussion of CPC process/allocations.
Debt Study Group finishes work, meets goals, looks to Finance Comm. to endorse & accept their recommendations: Debt Policy; Debt Capacity Analysis; Reference documents. The group studied the Town of W'town, MGRSD, W'town Fire District, Hoosic Water Quality District debt profile, meeting 21 times, June 2023-Jan. 2025. The Finance Comm appointed group's purpose: to understand existing debt; to identify capital needs; to identify opportunities to be thoughtful & creative about future borrowings.
