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HomeMy WebLinkAbout2025-03-12 Finance Committee Packet Town of Reading Meeting Posting with Agenda 2018-07-16LAG Board -Committee -Commission -Council: Finance Committee Date: 2025-03-12Time: 7:00PM Building: Reading Town Hall Location: Select Board Meeting Room Address: 16 Lowell StreetAgenda: Purpose:Public Hearingand General Business Meeting Called By:Jacquelyn LaVerde on behalf of Chair Joe Carnahan Notices and agendas are to be posted 48 hours in advance of the meetings excluding Saturdays, Sundays and Legal Holid operation and make necessary arrangements to be sure your posting is made in an adequate amount of time. A listing of topics that the chair reasonably anticipates will be discussed at the meeting must be on the agenda. All Meeting Postings must be submitted in typed format; handwritten notices will notbe accepted. Topics of Discussion: This meetingwill be held in-person in the Select Board Meeting Room of Town Hall and remotely via Zoom: Join Zoom Meeting https://us06web.zoom.us/j/86413969558 Meeting ID: 864 1396 9558 Dial by your location Find your local number: https://us06web.zoom.us/u/kdtE2uKbIZ AGENDA: Call to Order and Welcome Liaison Reports PUBLIC HEARING: Town Manager Recommended Budget for FY26 Future Meetings and Agendas Approve Prior Meeting Minutes This Agenda has been prepared in advance and represents a listing of topics that the chair reasonably anticipates will be discussed at the meeting. However the agenda does not necessarily include all matters which may be taken up at this meeting. Page | 1 Town of Reading Meeting Posting with Agenda 2018-07-16LAG Board -Committee -Commission -Council: Finance Committee Date: 2025-03-12Time: 7:00PM Building: Reading Town Hall Location: Select Board Meeting Room Address: 16 Lowell StreetAgenda: Purpose:Public Hearing Meeting Called By:Jacquelyn LaVerde on behalf of Chair Joe Carnahan Notices and agendas are to be posted 48 hours in advance of the meetings excluding Saturdays, Sundays and Legal Holid operation and make necessary arrangements to be sure your posting is made in an adequate amount of time. A listing of topics that the chair reasonably anticipates will be discussed at the meeting must be on the agenda. All Meeting Postings must be submitted in typed format; handwritten notices will notbe accepted. Topics of Discussion: To the Inhabitants of the Town of Reading: Please take notice that the Finance Committee of the Town of Reading will hold a public hearing on Wednesday, March 12, 2025, at 7:00 PM in the Select Board Meeting Room of Town Hall, 16 Lowell Street, Reading, MA or also available remotely on Zoom to solicit public input on the 19, 2025. The purpose of this hearing is to provide the public with the opportunity to provide input on the A copy of discussion documents regarding this topic will be in the Finance Committee packet on the website at www.readingma.gov. All interested parties are invited to attend the hearing in person or remotely via Zoom; or may submit their comments in writing or by email prior to 6:00 p.m. on March 12, 2025 to townmanager@readingma.gov. By order of Matthew A. Kraunelis, Esq. Town Manager This Agenda has been prepared in advance and represents a listing of topics that the chair reasonably anticipates will be discussed at the meeting. However the agenda does not necessarily include all matters which may be taken up at this meeting. Page | 1 Contents CONTENTS...........................................................................................................................................................I BUDGET INTRODUCTION................................................................................................................................1 AC ITIZENS G UIDE TO THE B UDGET....................................................................................................................1 T HE B UDGET D OCUMENT...................................................................................................................................2 T HE B UDGET P ROCESS.......................................................................................................................................3 O RGANIZATIONAL C HART...................................................................................................................................4 B UDGET T IMELINE..............................................................................................................................................5 ..........................................................................................6 T OWN M ANAGERS FY26B UDGET M ESSAGE.....................................................................................................7 C HIEF F INANCIAL O FFICERS R EPORT..............................................................................................................11 ................................................................................................11 Financial Forecast...................................................................................................................................14 Spending Scorecard...............................................................................................................................17 Shared Costs............................................................................................................................................19 TOWN BUDGET BY DEPARTMENT..............................................................................................................23 FY26B UDGETS...............................................................................................................................................23 A DMINISTRATIVE S ERVICES..............................................................................................................................26 Operations Division................................................................................................................................28 Human Resources Division....................................................................................................................30 Town Clerk /Elections Division..............................................................................................................32 ..........................................................................................................................34 T ECHNOLOGY.................................................................................................................................................36 P UBLIC S ERVICES.............................................................................................................................................38 Administration Overview.......................................................................................................................39 Community Development......................................................................................................................40 Planning Division....................................................................................................................................42 Economic Development Division..........................................................................................................44 Inspections Division................................................................................................................................46 Conservation Division.............................................................................................................................47 Historic Division.......................................................................................................................................48 Community Services...............................................................................................................................49 Elder & Human Services Division..........................................................................................................52 Recreation Division.................................................................................................................................53 Veterans Services....................................................................................................................................54 P UBLIC S AFETY................................................................................................................................................56 Public Health............................................................................................................................................58 Fire/Emergency Medical Services.........................................................................................................60 Police........................................................................................................................................................63 Coalition for Prevention and Support...................................................................................................65 Dispatch....................................................................................................................................................66 F INANCE D EPARTMENT...................................................................................................................................67 Accounting Division................................................................................................................................70 Town of ReadingiFY2026 Proposed Budget Assessing Division...................................................................................................................................71 General Finance Division.......................................................................................................................73 D EPARTMENT OF P UBLIC W ORKS....................................................................................................................75 DPW Administration...............................................................................................................................79 Engineering Division..............................................................................................................................80 Highway Division....................................................................................................................................81 Storm Water Division..............................................................................................................................83 Forestry Division......................................................................................................................................84 Parks/Cemetery Division........................................................................................................................85 R EADING P UBLIC L IBRARY................................................................................................................................86 Administration Division..........................................................................................................................89 Public Services Division (+1.0%)...........................................................................................................90 Collection Services Division (+6.1%)....................................................................................................90 F ACILITIES D EPARTMENT.................................................................................................................................91 SCHOOL DEPARTMENT BUDGET................................................................................................................94 ENTERPRISE FUNDS.....................................................................................................................................156 W ATER E NTERPRISE F UND.............................................................................................................................156 S EWER E NTERPRISE F UND.............................................................................................................................159 S TORM W ATER E NTERPRISE F UND.................................................................................................................162 PEGC ABLE A CCESS E NTERPRISE F UND.........................................................................................................164 L ANDFILL E NTERPRISE F UND..........................................................................................................................166 CAPITAL & DEBT SERVICE...........................................................................................................................168 C APITAL O VERVIEW.......................................................................................................................................168 D EBT O VERVIEW...........................................................................................................................................169 Fire Department ALS Defibrillator Monitor.......................................................................................170 Fire Pumper...........................................................................................................................................171 Replacement of H-19 Sanding Dump Truck with Plow....................................................................172 Replacement of S-05 Pickup Truck.....................................................................................................173 Replacement of E-00 Engineering Plotter.........................................................................................174 APPENDIX A...................................................................................................................................................175 C APITAL P LAN...............................................................................................................................................175 APPENDIX B...................................................................................................................................................187 D EBT S CHEDULE............................................................................................................................................187 Town of ReadingiiFY2026 Proposed Budget Budget Introduction Thank you for taking the time to read this budget introduction in an effort to better understand one of the most important documents produced by our community. The Annual Budget, far more than an organized collection of figures, reflects the values, goals,and priorities of the town. It serves as a policy document, a financial guide, and a vehicle for communicating with residents. This guide is intended to better illustrate the structures of town government, the budget process, and orient readers to the document. We hope this will be a useful tool for readers as you better acquaint yourself with the latest financial and planning information for the Town of Reading. Town of Reading1FY2026 Proposed Budget The Budget Document In an effort to breakdown Readings FY2026proposed $146,402,720budget, this document is organized into sections covering a host of financial and structural information about the health of the Town, impact on residents, and what your taxes will achieve. The budget document includes the following: Financial Summary: Provides an overview of Readings proposed budget with specific focus on property taxes, revenues, expenditures, capital, debt, and major liabilities such as direct debt, pension, and other post-employment benefits. The Financial Scorecard is also located here. Town Government:Provides a breakdown of Readings governmental structure (General Government, Finance, Planning and Land Management, Human Services, Public Safety, Public Works, and Unclassified) while focusing on their individual budget highlights, accomplishments, goals, and long-term plans. Accommodated and Shared Costs:Provides an analysis of the Town and Reading Public Schools(RPS) responsibilities to Group Insurance, Other Post-Employment Benefits, Property and Liability Insurance, Unemployment and Workers Compensation, Retirement, Medicare / Social Security, Regional Vocational Schools, and Debt Service. Schools:Provides a detailed snapshot of Reading Public Schools (RPS). Capital Expenditures: Provides a detailed description of each Capital request in this budget. Appendices:Provide detailed information on Capital Projects and projected Debt Service for the next ten (10) years. Town of Reading2FY2026 Proposed Budget The Budget Process The Town of Reading operates under state statutes and the Home Rule Charter establishing the Select Board Town Manager form of government. The legislative body of Reading is a Representative Town Meeting comprised of 192 elected Town Meeting Members. Town Meeting has the sole authority to appropriate funds for the operating budget and capital projects, exceptfor particular instances where statutes or regulations do not require appropriation or where the authority is given to the Select Board. Any amendments to appropriations require Town Meeting vote at either the Annual, Subsequent or Special Town Meeting (called by a vote of the Select Board). Annual Town Meeting is held the last Monday in April at 7:30 PM and continues Thursdays and Mondays until all articles are reviewed, or Town Meeting members adjourn sine die.Subsequent Town Meeting is typically held the second Monday in November. In Reading, Town Meetings typically last three to four nights, and are held at the Performance Arts Center in the Reading Memorial High School. Town Meetings are televised by ReadingCommunity Television (RCTV). Minutes, warrants and relevant records from previous Town Meetings are managed by our Town Clerk and kept on the Towns website. Town of Reading3FY2026 Proposed Budget Organizational Chart Town of Reading4FY2026 Proposed Budget Budget Timeline SEPTEMBER/OCTOBER Budget process begins for the next Fiscal Year beginning July 1 Financial Forums and next Fiscal Year guidance from FINCOM Subsequent Town Meeting Warrant closes NOVEMBER Subsequent Town Meeting: second Monday (or second Tuesday if second Monday is a legal holiday) DECEMBER Town department budget preview presentations and requests to Select Board JANUARY School Committee Budget presentations FEBRUARY/MARCH School Committee presents the budget to Town Manager by February 1. TownManager presents balanced budget to Finance Committee by March 1. Finance Committee budget meetings and vote on balanced budget and Town Meeting Warrant Articles Annual Town Meeting Warrant closes APRIL Town Election: first Tuesday following the first Monday in April Annual Town Meeting: third Tuesday preceding the fourth Monday in April JUNE Fiscal Year ends June 30 JULY Fiscal Year begins July 1 Town of Reading5FY2026 Proposed Budget Recommended Budget Town ManagerSelect Board Matthew A.Kraunelis, Esq.Carlo Bacci, Chair mkraunelis@readingma.gov Karen Gately Herrick, Vice Chair Christopher Haley, Secretary Mark Dockser Melissa Murphy selectboard@readingma.gov Town Management Team Sharon Angstrom, CPA, Chief Financial Officer/Town Accountant sangstrom@readingma.gov Jayne Wellman, Assistant Town Manager jwellman@readingma.gov Kevin Furilla, Chief Information Officer kfurilla@readingma.gov Gregory Burns, Fire Chief gburns@readingma.gov David Clark, Police Chief dclark@readingma.gov Adetokunbo Solarin, MPH, Public Health Director asolarin@readingma.gov ChristopherCole, Public Works Director ccole@readingma.gov Amy Lannon, MLIS, Library Director lannon@noblenet.org Joseph Huggins, Director of Facilities jhuggins@readingma.gov Town of Reading6FY2026 Proposed Budget Town FY26Budget Message Dear Reading Community, As I look back on my first year as Town Manager, I can say it has been a rewarding and challenging year. Following the departure of Town Manager Maltez, I was excited to be asked to serve as Acting Town Manager, and last March I became Readings fourth permanent Town Manager. Since my appointment, I have worked tirelessly to move Reading forward. I promised both stability and progress and have delivered on both. I have enjoyed building on the relationships that I developed in my nearly ten yearsin Reading Town Government and look forward to an even brighter future built upon a shared vision for success. We have an excellent team of dedicated professionals who continue to build upon the success of previous years, working on multiple initiatives such as the Killam School Building Project, the Reading Center for Active Livingproject,andmanymore. As in the past, this budget is a true collaborative effort. All departments developed conservative, level service budgets for the upcoming fiscal yearwhileplanning for future fiscal challenges. This approach allows us to attain our annual goals while simultaneously continuing to provide outstanding service to the Community. Overview of the Budget Calendar: Likeprevious years, following State Law and our Home Rule Town Charter, the budget milestones are listed below in chronological order. This process is also laid out on page 5as the Budget Timeline: Budget process begins for the next Fiscal Year beginning July 1, Financial Forums held in September and October, Superintendent of Schools delivers budget to School Committee: early January, School Committee votes on School Department budget: late January, Town Manager delivers balanced budget to Finance Committee: end of February, Finance Committee reviews and votes on School and Town budget: late March, Town Meeting reviews and votes School and Town Budget: early May. Town of Reading7FY2026 Proposed Budget FY26 Budget Process: Similar to last year, our leadership team began working on the budget early resulting in a thoughtful and inclusive process. The FY26budget looks to have similar challenges toFY24 andFY25as we continue to monitor the economy on the State and Federal levels. State revenues continue to underperform and both Federal and State budgets are stressed due to a variety of issues that will impact local governments this year and inthe future. Costs related to retirement have continued to rise. Property and Casualty insurance is projected to be up2.5%.Other fixed costs such as Medicare and Solid Waste collection and disposal will also be felt in FY26and beyond. In February, we were notified that Health Insurance is projected to increase 13.52%, our largest increase in over a decade. This increase is driven by the overall cost of healthcare, an aging workforce, and soaring pharmaceutical costs. In consulting with other towns, I find that Readings increase is on the low side, with many towns seeing increases of 15-20%. We are told that this will be the trend over the next few years, and it is something that we are keeping a close eye on. Our Department Heads, with our CFO, reviewed our capital plan in July and August. In past years the global pandemic, inflation, and extended lead time for equipment resulted in significant increases for many of the vehicles and projects on our capital plan. This year, inflationary pressures are still a concern and supply chain, and labor market disruptions continue to exert upward pressure on capital equipment pricing and prolong the time to take deliveries. FinCom held two Financial Forums last fall largely focused on the Killam School Building and RECAL Projects, financial updates, and previews. Following the forums, FinCom voted Free Cash usage of $5.8 million to supplement the FY26 budget resulting in the school operating budget increasing 3.5% and the town operating budget increasing 3.5%. The free cash number may change based on the unexpectedly large increase in health insurance costs. FY26 Budget Summary: Total estimated revenues for FY26 are $128.8 million; more detail is presented in our CFOs Recommended Revenues. Due to paying off the Library excluded debt, the property tax increase is forecasted at 2% increase. Overall, we are projecting an increase of 2.38% for FY26 revenues. FinCom voted free cash usage of $5.8 million, towards the FY26 budget. Accommodated costs are projected at $46.8 million, or a 3.7% increase over FY25. The School Operating budget is $ 58.5 million, and the Town Town of Reading8FY2026 Proposed Budget Operating budget is $ 36.6million, resulting in a 3.9% and 2.8% increase over the FY25 budget. Major Initiatives in FY26Budget Last year wecompletedcontract negotiations with allour public sector unions for three-year successor agreements. Knowing these operational costs helps us plan conservatively. Reading is an excellent place to work, and with these new contracts and theFY24pay and class study, we remain an attractive workplace compared to our peer communities. This FY26budget does not includeARPA funding support since that money has already been expended. We were able to find ways to continue to support some of the formally ARPA funded positions and programming in our Community Services Division in order to continue to provide the same excellent, and highly desired, services. Grant Funding A strong focus on pursuing grants helps augment our budget annually, and staff aggressively pursue opportunities. The Town continues to not only operate existing multi-year grants but also apply for and receive new grants. While outside of the operating budget, and some local cost matching, these grants have helped Reading achieve significant advancement of projects that benefit our residents and the region. The Maillet, Sommes, Morgan Constructed Wetland projectwas opened this past summer due in part to over $4 million in state and federal grant funding. A $2.6 million MassWorks Grant for pedestrian and streetscape improvements along Haven Street, High Street and adjacent Downtown areaswill help us to fund these needed improvements. Inpast years,town staff have applied for and received numerous other grants to advance items such as the Mattera Community Garden, an Arts and Culture Action Plan, rezoning efforts, a Net Zero Action Plan, and more. Efforts such as these will continue into FY26and beyond. Looking Ahead As in prior years, Reading enjoys a strong financial position due to conservative budgeting, a focus on the long-term financial picture, maintaining our excellent bond rating, and following stringent financial policies. That being said, we remain very Town of Reading9FY2026 Proposed Budget cautious about inflation, supply chain issues, solid waste costs, underperforming State and Federal revenuesand rapidly increasing healthcare costs. We look to the future with cautiousoptimism and a goal to maintain excellent municipal operations for our residents. Matthew A. Kraunelis, Esq. Town Manager February 22, 2025 Town of Reading10FY2026 Proposed Budget 6Revenues Summary of Revenues Revenues for the general government will be $122.8 million,plus the use of $6.0million of Free Cash an overall 3.7% increase from FY25. FY26ChangeShare Property Taxes$ 90.42.0%70% Local Revenues$ 11.55.1%9% State Aid$ 16.52.5%13% Transfers$ 4.42.2%3% Free Cash$ 6.040.9%5% $ 128.83.7%100% Property Taxes ($90.4 million or 70% of revenues)The forecasted 2.0% increase in FY26includes a 2.5% increase over the FY25tax levy plus New Growth; also included in these figures is a 100% reduction in property tax revenue related to excluded debt as the remaining excluded debt for the Reading Library project is paid off in FY25, leaving no excluded debt outstanding in FY26. The significant decreasein excluded debt makes the property tax revenue increase appear much lower than the usual 3.0%-3.2%. The following table shows New Growth over the last ten years (a 5-year average of $982,000 and a 10-year average of $882,000). The Town saw a slight dip in New Growth in FY25due to a slowdown inEconomic Development; New Growth projections for FY26are $875,000, based on the 10-year average. Actual New Growth (000)s FY25FY24FY23FY22FY21FY20FY19FY18FY17FY16 $ 693$ 722$ 916$ 1,614$ 967$ 593$ 840 842 717 912 The Assessor's overlay account has increased to $767,506in FY26. This amount is set aside for the Board of Assessors to handle abatements and exemptions. The actual amount may vary from the budgeted amount when the CFOfinalizes the tax rate in November 2026. If the overlay account is not used for abatements, it is released to Free Cash. (See" Operating transfers/Available Funds" below.) Town of Reading11FY2026 Proposed Budget Local Revenues ($11.5million or 9% of revenues)Local revenues are forecasted to increase by 5.2% from the prior year. The rate of increase for most revenues in this categoryreflects the actual revenues received in the preceding year. It also considershow local revenues are trending in the current fiscal year. Motor Vehicle Excise ($4.56 million)This revenue source is challenging toforecast, as we have been over and under budget by $300,000 in recent years, although the longer-term average has been in line. Next year, we forecast a5.2% increase to $4.56million asthe FY25 actual revenues for motor vehicle excise are outpacing projections. Charges for Services ($2.6 million)This revenue source came in over budget by over $.81 million in FY24, and FY25 receipts are currently trending higher than projected. Thus,the revenue projection is increased by 6.8% to adjust to current revenue trends.Examples of revenues in this category are ambulance charges, cell tower rent, inspections, and cemetery charges. Meals Tax ($0.73 million)In FY24, receipts were $.13 million above projections. Currently, FY25receipts are trending towardexceedingour forecasts. Next year, we forecast a4.4% increase to $.73million. Interest Earnings ($2.3million)Interest rates have increased significantly over the lastfewyearsinterest earnings projection increased by 1.1%. FY24interest earnings came in $2.8million over projections, and FY25revenues exceededprojections; however, a conservative increase is projected as interest rates are expected to decline. Intergovernmental Revenue ($16.5 million or 13% of revenues)The final figure for State Aid for FY26 is still unknown. We use an assumption of +2.5%. FINCOM has agreed to make up any shortfall from +2.5% with Free Cash. Thisadjustment would typically happen at a November Town Meeting after the fiscal year begins. Operating Transfers/Available Funds ($4.4 million or 3% of revenues)The amount of money available from the cemetery sale of lots has remained constant. The Board of Assessors released $350,000 from the overlay surplus last year and is planning to release $350,000 for use in FY26; this figure is expected to decline in future years. The RMLD annual payment is projected at $2.57million, based on kWh sold in the prior year. A figure of $6.0million is being used from Free Cash to balance the FY26budget. The chart below shows the history of free cash and stabilization and a projection for FY25 Town of Reading12FY2026 Proposed Budget and FY26 using a conservative $3 million regeneration estimate for FY25and FY26. Free Cash Use is projected at $6.3million inFY25and $6.0million inFY26: Certified "Free Cash" & Stabilization vs 7% Min Reserve (Amounts Expressed in Thousands) $25,000.00 $20,000.00 $15,000.00 $10,000.00 $5,000.00 $- FY14FY15FY16FY17FY18FY19FY20FY21FY22 FY23 FY24Est.Est. FY25FY26 Free Cash & Stab 7% Min Reserves Free Cash and Stabilization as a % of Budget $25,000.0025.00% $20,000.0020.00% $15,000.0015.00% $10,000.0010.00% $5,000.005.00% $-0.00% FY14FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26 Free Cash & Stab % of Budget Town of Reading13FY2026 Proposed Budget Financial Forecast Budget Summary Town of Reading Budget Summary One YrOne YrOne YrOne YrOne Yr 2/27/25 12:07 PMProjectedChngProjectedChngProjectedChngProjectedChngProjectedChng No.FY25FY25FY26FY26FY27FY27FY28FY28FY29FY29 Revenues A1Total Property Taxes88,643,3521.7%90,422,7442.0%93,733,3123.7%97,151,6453.6%100,655,4363.6% A2Total Other Local Revenues10,952,00019.2%11,526,0005.2%12,026,0004.3%12,451,5003.5%12,925,0003.8% A3Total Intergov't Revenues16,086,0233.4%16,488,1742.5%16,900,3782.5%17,322,8872.5%17,755,9602.5% A4Total Transfers & Available4,293,4680.7%4,387,9512.2%4,477,6002.0%4,571,4342.1%4,667,5582.1% A98Revs before Free Cash$ 119,974,8443.29%$ 122,824,8692.38%$ 127,137,2913.51%$ 131,497,4673.43%$ 136,003,9543.43% A5Free Cash3,560,00038.0%6,000,00068.5%7,400,00023.3%8,500,00014.9%9,620,00013.2% A6Extra for Capital700,0000.0%0-100%0-100%0-100%0-100% A99Net Available Revenues$ 124,234,8444.02%$ 128,824,8693.69%$ 134,537,2914.43%$ 139,997,4674.06%$ 145,623,9544.02% Accommodated Costs B Benefits22,350,2827.2%24,790,10210.9%27,055,1069.1%29,229,5378.0%31,497,3617.8% C Capital3,787,00028.9%3,398,000-10.3%3,336,000-1.8%3,794,00013.7%4,266,50012.5% Debt (inside levy)2,818,038-16.6%3,051,9758.3%3,395,05011.2%3,130,925-7.8%2,861,100-8.6% D Debt (excluded)1,279,700-52.4%0-100.0%000 E Energy2,563,80011.9%2,592,0011.1%2,676,4723.3%2,774,7853.7%2,866,5423.3% F Financial1,331,7007.2%1,336,3680.4%1,367,9022.4%1,400,3802.4%1,433,8352.4% G Education - Out of district6,035,3284.0%6,311,7164.6%6,548,4053.8%6,793,9713.8%7,048,7443.8% H Education - Vocational1,110,99222.8%1,317,43518.6%1,353,6612.7%1,403,4673.7%1,433,4802.1% J Miscellaneous3,701,0174.4%3,829,0493.5%4,292,90712.1%4,422,9563.0%4,557,8393.0% K Community Priorities150,0000.0%150,0000.0%00.0%00.0%00.0% L1Accommodated Costs$ 45,127,8573.07%$ 46,776,6453.65%$ 50,025,5036.95%$ 52,950,0205.85%$ 55,965,4015.69% L2Net Accommodated Costs$ 45,127,8573.07%$ 46,776,6453.65%$ 50,025,5036.95%$ 52,950,0205.85%$ 55,965,4015.69% $ 64,392$ 24,138$ 15$ 321$ 13 Operating Costs OC1Municipal Gov't Operating 27,515,8384.00% 28,589,2203.50% 29,470,8662.85% 30,354,9923.00% 31,265,6413.00% adjustments 106,597 65,000 adjustments (EF+RF) 1,294,6774.00% 1,339,9913.50% 1,378,1812.85% 1,419,5263.00% 1,462,1123.00% TOTAL Muni Govt OPER 28,917,1124.38% 29,994,2113.72% 30,849,0462.85% 31,774,5183.00% 32,727,7533.00% OC2School Operating 49,973,5574.00% 51,879,8753.50% 53,512,7262.85% 55,272,6083.00% 56,930,7863.00% adjustments 151,925 150,000 150,000 - - TOTAL School OPER 50,125,4834.32% 52,029,8753.80% 53,662,7263.14% 55,272,6083.00% 56,930,7863.00% OC4Operating Budgets$ 79,042,5954.34%$ 82,024,0863.77%$ 84,511,7723.03%$ 87,047,1263.00%$ 89,658,5393.00% Municipal Gov't Operating36.6%36.6%36.5%36.5%36.5% School Operating63.4%63.4%63.5%63.5%63.5% TOTAL SPENDING$ 124,170,4523.87%$ 128,800,7313.73%$ 134,537,2764.45%$ 139,997,1464.06%$ 145,623,9414.02% Muni Govt OPER$ 28,917,1124.38%$ 29,994,2113.72%$ 30,849,0462.85%$ 31,774,5183.00%$ 32,727,7533.00% Muni Govt ACCOM$ 6,465,7787.01%$ 6,603,4102.13%$ 7,159,4238.42%$ 7,395,8173.30%$ 7,630,8553.18% Muni Govt TOTAL$ 35,382,8904.86%$ 36,597,6213.43%$ 38,008,4693.86%$ 39,170,3353.06%$ 40,358,6083.03% School OPER$ 50,125,4834.32%$ 52,029,8753.80%$ 53,662,7263.14%$ 55,272,6083.00%$ 56,930,7863.00% School ACCOM$ 6,035,3284.00%$ 6,311,7164.58%$ 6,548,4053.75%$ 6,793,9713.75%$ 7,048,7443.75% School TOTAL$ 56,160,8114.28%$ 58,341,5913.88%$ 60,211,1313.20%$ 62,066,5783.08%$ 63,979,5303.08% Town of Reading14FY2026 Proposed Budget Revenues Details ATown of ReadingOne YrOne YrOne YrOne YrOne Yr Revenues - Details ProjectedChngProjectedChngProjectedChngProjectedChngProjectedChng No.2/27/25 12:07 PMFY25FY25FY26FY26FY27FY26FY28FY28FY29FY29 Property Taxes Tax levy (within levy limit)87,419,7313.4%90,315,2493.3%93,470,0063.5%96,883,0063.7%100,406,9563.6% New Growth692,707-4.1%875,00026.3%1,050,00020.0%1,075,0002.4%1,075,0000.0% Tax levy (debt exclusion) 1,279,700-52.4% --100.0% -#DIV/0! -#DIV/0! -#DIV/0! Abatements and exemptions(748,786)-4.1%(767,506)2.5%(786,693)2.5%(806,361)2.5%(826,520)2.5% A1Total Property Taxes88,643,3521.7%90,422,7442.0%93,733,3123.7%97,151,6453.6%100,655,4363.6% Other Local Revenues Motor Vehicle Excise4,329,00010.6%4,555,0005.2%4,783,0005.0%5,041,5005.4%5,309,0005.3% Meals and Room Tax699,00023.7%730,0004.4%785,0007.5%845,0007.6%900,0006.5% Penalties/interest on taxes378,0008.0%416,00010.1%445,0007.0%475,0006.7%500,0005.3% Payments in lieu of taxes456,0003.6%485,0006.4%510,0005.2%535,0004.9%545,0001.9% Charges for services2,439,0003.7%2,604,0006.8%2,775,0006.6%2,914,0005.0%3,060,0005.0% Licenses & permits173,0004.8%196,00013.3%206,0005.1%220,0006.8%235,0006.8% Fines113,00054.8%100,000-11.5%106,0006.0%115,0008.5%125,0008.7% Interest Earnings2,245,00091.9%2,270,0001.1%2,241,000-1.3%2,126,000-5.1%2,071,000-2.6% Medicaid Reimbursement120,000-22.6%170,00041.7%175,0002.9%180,0002.9%180,0000.0% A2Total Other Local Revenues10,952,00019.2%11,526,0005.2%12,026,0004.3%12,451,5003.5%12,925,0003.8% Intergovernmental Revenue State Aid16,086,0233.4%16,488,1742.5%16,900,3782.5%17,322,8872.5%17,755,9602.5% A3Total Intergov't Revenues16,086,0233.4%16,488,1742.5%16,900,3782.5%17,322,8872.5%17,755,9602.5% Operating Transfers and Available Funds Cemetery sale of lots25,0000.0%25,0000.0%25,0000.0%25,0000.0%25,0000.0% RMLD payment2,522,510-0.6%2,572,9602.0%2,624,4192.0%2,676,9082.0%2,730,4462.0% Enterprise Fund Support1,294,6774.0%1,339,9913.5%1,378,1812.9%1,419,5263.0%1,462,1123.0% School Revolving Funds100,0000.0%100,0000.0%100,0000.0%100,0000.0%100,0000.0% Premiums Reserve for Debt1,281-62%0-100%0#DIV/0!0#DIV/0!0#DIV/0! Overlay surplus350,0000.0%350,0000.0%350,0000.0%350,0000.0%350,0000.0% A4Total Transfers & Available4,293,4680.7%4,387,9512.2%4,477,6002.0%4,571,4342.1%4,667,5582.1% OPERATING REVENUES119,974,8443.29%122,824,8692.38%127,137,2913.51%131,497,4673.43%136,003,9543.43% A5Free Cash4,260,00029.9%6,000,00040.8%7,400,00023.3%8,500,00014.9%9,620,00013.2% TOTAL REVENUES124,234,8444.02%128,824,8693.69%134,537,2914.43%139,997,4674.06%145,623,9544.02% Town of Reading15FY2026 Proposed Budget Accommodated/SharedCosts Town of Reading Acc. Costs - Summary One YrOne YrOne YrOne YrOne Yr 2/27/25 12:07 PMProjectedChngProjectedChngProjectedChngProjectedChngProjectedChng No.FY25FY25FY26FY26FY27FY27FY28FY28FY29FY28 BBenefits 22,350,282 7.2% 24,790,102 10.9% 27,055,106 9.1% 29,229,537 8.0% 31,497,361 7.8% CCapital 3,787,000 3,398,000 3,336,000 3,794,000 4,266,500 Debt (inside levy) 2,818,038 4.5% 3,051,975-2.3% 3,395,050 4.4% 3,130,925 2.9% 2,861,100 2.9% DDebt (excluded) 1,279,700 - - - - EEnergy 2,563,800 11.9% 2,592,001 1.1% 2,676,472 3.3% 2,774,785 3.7% 2,866,542 3.3% FFinancial 1,331,700 7.2% 1,336,368 0.4% 1,367,902 2.4% 1,400,380 2.4% 1,433,835 2.4% GEducation - Out of district 6,035,328 4.0% 6,311,716 4.6% 6,548,405 3.8% 6,793,971 3.8% 7,048,744 3.8% HEducation - Vocational 1,110,992 22.8% 1,317,435 18.6% 1,353,661 2.7% 1,403,467 3.7% 1,433,480 2.1% JMiscellaneous 3,701,017 4.4% 3,829,049 3.5% 4,292,907 12.1% 4,422,956 3.0% 4,557,839 3.0% KCommunity Priorities$ 150,000$ 150,000 TOTAL Accomm. COSTS$ 45,127,8573.1%$ 46,776,6453.7%$ 50,025,5036.9%$ 52,950,0205.8%$ 55,965,4015.7% Town of ReadingOne YrOne YrOne YrOne YrOne Yr Acc. Costs - Details ProjectedChngProjectedChngProjectedChngProjectedChngProjectedChng BFY25FY25FY26FY26FY27FY27FY28FY28FY29FY28 B1Contributory Retirement7,168,65016.8%7,763,6488.3%8,408,0318.3%9,105,8978.3%9,861,6878.3% B3OBRA fees & OPEB study40,0000.0%40,0000.0%40,0000.0%40,0000.0%40,0000.0% B4OPEB contribution200,000-33.3%200,0000.0%500,000150.0%500,0000.0%500,0000.0% B5Workers Compensation400,0002.6%405,0001.3%410,0001.2%415,0001.2%415,0000.0% B6Unemployment Benefits75,0000.0%80,0006.7%85,0006.3%85,0000.0%85,0000.0% B7Group Health / Life Ins.13,301,6324.4%15,110,65413.6%16,395,0608.5%17,788,6408.5%19,300,6748.5% B8Medicare / Social Security1,040,0002.0%1,060,8002.0%1,082,0162.0%1,155,0006.7%1,155,0000.0% B9Police / Fire Indemnification125,000-7.4%130,0004.0%135,0003.8%140,0003.7%140,0000.0% B99Acc. Costs - Benefits$ 22,350,2827.2%$ 24,790,10210.9%$ 27,055,1069.1%$ 29,229,5378.0%$ 31,497,3617.8% C99Acc. Costs - Capital$ 3,787,00028.9%$ 3,398,000-10.3%$ 3,336,000-1.8%$ 3,794,00013.7%$ 4,266,50012.5% D1Debt Service - Principal 3,490,000-33.1% 2,319,000-33.6% 2,614,00012.7% 2,474,000-5.4% 2,319,000-6.3% D2Debt Service - Interest 607,738-28.2% 732,97520.6% 781,0506.6% 656,925-15.9% 542,100-17.5% D3Excluded debt (1,279,700)-52.4% --100.0% -#DIV/0! -#DIV/0! -#DIV/0! Total Included Debt$ 2,818,038-16.6%$ 3,051,9758.3%$ 3,395,05011.2%$ 3,130,925-7.8%$ 2,861,100-8.6% Premiums for general fund$ -#DIV/0!$ -#DIV/0!$ -#DIV/0!$ -#DIV/0!$ -#DIV/0! D99Acc. Costs -Debt$ 4,097,738-32.5%$ 3,051,975-25.5%$ 3,395,05011.2%$ 3,130,925-7.8%$ 2,861,100-8.6% E1Street Lighting (DPW)135,0000.0%135,0000.0%140,0003.7%145,0003.6%145,0000.0% E2Electricty (FacCORE)1,095,0002.3%1,095,0000.0%1,127,8503.0%1,172,9644.0%1,219,8834.0% E3Natl Gas (FacCORE)878,80030.0%896,3762.0%932,2314.0%969,5204.0%1,008,3014.0% E4Water/Sewer (FacCORE)225,0002.4%230,6252.5%236,3912.5%242,3002.5%248,3582.5% E6Fuel - vehicles (DPW)230,00021.1%235,0002.2%240,0002.1%245,0002.1%245,0000.0% E99Acc. Costs - Energy$ 2,563,80011.9%$ 2,592,0011.1%$ 2,676,4723.3%$ 2,774,7853.7%$ 2,866,5423.3% F1Casualty Ins (AD SVC)986,70010.0%1,011,3682.5%1,036,6522.5%1,062,5682.5%1,089,1322.5% F2Vet's Assistance (PUB SVC)$ 145,0000.0%$ 125,000-13.8%$ 131,2505.0%$ 137,8135.0%$ 144,7035.0% F3FINCOM Reserve Fund200,0000.0%200,0000.0%200,0000.0%200,0000.0%200,0000.0% F99Acc. Costs - Financial$ 1,331,7007.2%$ 1,336,3680.4%$ 1,367,9022.4%$ 1,400,3802.4%$ 1,433,8352.4% G1SPED transp OOD (Sch)1,119,4564.0%1,253,63612.0%1,300,6473.8%1,349,4223.8%1,400,0253.8% G2aSPED tuition OOD (Sch)6,029,9204.0%5,804,636-3.7%6,022,3103.8%6,248,1463.8%6,482,4523.8% G2bSPED contingency508,3524.0%1,190,046134.1%1,234,6733.8%1,280,9733.8%1,329,0093.8% G3SPED offsets OOD (Sch)(1,622,400)4.0%(1,936,602)19.4%(2,009,225)3.8%(2,084,570)3.8%(2,162,742)3.8% G99Acc. Costs - OOD SPED$ 6,035,3284.0%$ 6,311,7164.6%$ 6,548,4053.8%$ 6,793,9713.8%$ 7,048,7443.8% H1Voc School - NERMVS702,2245.5%719,9122.5%748,7084.0%778,6574.0%809,8034.0% Voc School - NERMVS Capital160,000339,615112.3%337,560-0.6%347,5743.0%336,225-3.3% H2Voc School - Minute Man54,0804.0%55,4322.5%56,8182.5%58,2382.5%59,6942.5% Voc School - Essex North194,6884.0%202,4764.0%210,5754.0%218,9984.0%227,7574.0% H99Acc. Costs - Vocational$ 1,110,99222.8%$ 1,317,43518.6%$ 1,353,6612.7%$ 1,403,4673.7%$ 1,433,4802.1% J1Rubbish (DPW) 2,095,2783.0% 2,200,0415.0% 2,640,05020.0% 2,745,6524.0% 2,855,4784.0% J2Snow and Ice Control (DPW) 675,0000.0% 675,0000.0% 675,0000.0% 675,0000.0% 675,0000.0% J3State Assessments930,73911.3%954,0072.5%977,8582.5%1,002,3042.5%1,027,3622.5% Cemetery (DPW) J99Acc. Costs - Misc.$ 3,701,0174.4%$ 3,829,0493.5%$ 4,292,90712.1%$ 4,422,9563.0%$ 4,557,8393.0% Town of Reading16FY2026 Proposed Budget Spending Scorecard LineCategory % FY26 Budget FY26 Budget % FY25 Budget Grand Town Finance % Grand revisedTotalManagerCommitteechngTotal B99Benefits$22,350,282 15.7%$24,790,102 $24,790,102 10.9%16.8% C99Capital$3,787,000 2.7%$3,398,000 $3,398,000 -10.3%2.3% D99Debt service$4,097,738 2.9%$3,051,975 $3,051,975 -25.5%2.1% E99Education - Vocational$1,110,992 0.8%$1,317,435 $1,317,435 18.6%0.9% F99Finance Committee Reserves$200,000 0.1%$200,000 $200,000 0.0%0.1% Total Shared Costs $ 31,546,012 22.1% $ 32,757,512 $ 32,757,512 3.8%22.2% G91Administrative Svcs wages$1,288,100 0.9%$1,266,300 $1,266,300 -1.7%0.9% G92Administrative Svcs expenses$1,684,700 1.2%$1,685,468 $1,685,468 0.0%1.1% G91aTechnology wages$521,800 0.4%$539,100 $539,100 3.3%0.4% G92aTechnology expenses$679,700 0.5%$759,300 $759,300 11.7%0.5% H91Public Services wages$1,472,184 1.0%$1,532,034 $1,532,034 4.1%1.0% H92Public Services expenses$312,100 0.2%$313,928 $313,928 0.6%0.2% I91Finance wages$1,065,500 0.7%$1,123,600 $1,123,600 5.5%0.8% I92Finance expenses$172,650 0.1%$151,600 $151,600 -12.2%0.1% J91Public Safety wages$13,851,471 9.7%$14,277,839 $14,277,839 3.1%9.7% J92Public Safety expenses$724,946 0.5%$792,208 $792,208 9.3%0.5% K91Public Works wages$3,219,700 2.3%$3,375,650 $3,375,650 4.8%2.3% K92Public Works expenses$1,165,400 0.8%$1,048,135 $1,048,135 -10.1%0.7% K93Public Works Snow & Ice$675,000 0.5%$675,000 $675,000 0.0%0.5% K94Public Works Street Lights$135,000 0.1%$135,000 $135,000 0.0%0.1% K95Public Works Rubbish$2,141,278 1.5%$2,200,041 $2,200,041 2.7%1.5% L91Library wages$1,754,250 1.2%$1,810,050 $1,810,050 3.2%1.2% L92Library expenses$426,900 0.3%$450,000 $450,000 5.4%0.3% M91Core Facilities$3,938,760 2.8%$4,072,432 $4,072,432 3.4%2.8% M92Town Buildings$378,450 0.3%$389,936 $389,936 3.0%0.3% Total Municipal Gov't $ 35,607,889 25.0% $ 36,597,621 $ 36,597,621 2.8%24.8% U99School Department$56,310,811 39.5%$58,491,591 $58,491,591 3.9%39.7% VOTED GENERAL FUND $ 123,464,712 86.6% $127,846,724 $ 127,846,724 3.5% State Assessments$ 930,7390.7%$ 954,007 $ 954,007 2.5%0.6% TOTAL $ 124,395,451 87.3% $128,800,731 $ 128,800,731 3.5% W99Water Enterprise Fund$7,771,629 5.5%$8,683,575 $8,683,575 11.7%5.9% X99Sewer Enterprise Fund$8,762,366 6.1%$8,734,796 $8,734,796 -0.3%5.9% Y99Storm Water Enterprise Fund$1,024,625 0.7%$581,625 $581,625 -43.2%0.4% Z99PEG Access Enterprise Fund$539,000 0.4%$519,000 $519,000 -3.7%0.4% ZZ9Landfill Enterprise Fund$37,000 0.0%$37,000 $37,000 0.0%0.0% TOTAL ENTERPRISE FUNDS$18,134,62012.7%$18,555,996$18,555,9962.3%12.6% GRAND TOTAL VOTED$ 141,599,33299.3%$146,402,720$ 146,402,7203.4%99.4% Town of Reading17FY2026 Proposed Budget FY26Revenue Allocation Town of Reading18FY2026 Proposed Budget Shared Costs Shared costs are spending categories that invest in both school and town departments. The two most significant components are Benefits (for school, town,and retired employees) and Infrastructure (capital projects in the community, sometimes financed by debt payments). Capital planning is assessed annually but is projected over ten years and presented at Town Meeting. Inflation and global supply chain issues have impactedour capital budgets over the last several years. Shared costs increased by +3.8%in FY26.Details are available in the following budget sections. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Benefits$ 19,826,165$ 20,682,283$ 22,350,282$ 24,790,10210.9% Capital & Debt$ 7,343,343$ 9,004,806$ 7,884,738$ 6,449,975-18.2% FINCOM Reserves$ 200,000$ 200,000$ 200,000$ 200,0000.0% Vocational Schools$ 903,978$ 879,568$ 1,110,992$ 1,317,43518.6% Total Shared Costs$ 28,273,486$ 30,766,657$ 31,546,012$ 32,757,5123.8% State Assessments*$ 794,720$ 828,378$ 930,739$ 954,0072.5% ΫƓƚƷ ǝƚƷĻķ ĬǤ ƚǞƓ aĻĻƷźƓŭ ΛC—ЋЏ ĻƭƷźƒğƷĻķΜ Benefits Health Insurance premiums dominate total spending in the benefits segment, and the rate of annual increases hasbeen below revenue growth for the past decade, however benefits are projected up 13.6% over. Our insurance provider, MIIA, hadraised concerns regarding future health insurance costs, particularly given rising costs to health providers. Retirement costs have grown at rates exceeding revenues and are forecasted to continue in the years ahead. The OPEB portion of this expense is optional today but may become required in the future. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Retirement$ 6,320,269$ 6,478,500$ 7,408,650$ 8,003,6488.0% Medicare$ 994,285$ 1,023,616$ 1,040,000$ 1,060,8002.0% Heath & Life Insurance$ 11,797,425$ 12,743,199$ 13,301,632$ 15,110,65413.6% Worker Compensation$ 322,121$ 360,412$ 400,000$ 405,0001.3% 111F Indemnification$ 272,931$ 58,806$ 125,000$ 130,0004.0% Unemployment$ 119,133$ 17,751$ 75,000$ 80,0006.7% Total Benefits$ 19,826,165$ 20,682,283$ 22,350,282$ 24,790,10210.9% Town of Reading19FY2026 Proposed Budget Retirement The Retirement Board voted a significantincrease just before COVID-19 tohold the full pension funding date to 2031. In the FY26budget, the retirement assessment is funded at 8.0%. In this budget, we fund our OPEB contribution at $200,000. Once the pension is fully funded, sufficient funds are expected to be diverted to fully fund the OPEB liability, and there will be a net balance available for the operating budgets or other budget areas. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Retirement Assessment$ 5,802,385$ 6,151,063$ 7,188,650$ 7,763,6488.0% OPEB Contributions$ 500,000$ 300,000$ 200,000$ 200,0000.0% OBRA fees & Actuarial$ 17,884$ 27,437$ 20,000$ 40,000100.0% Total Retirement$ 6,320,269$ 6,478,500$ 7,408,650$ 8,003,6488.0% Medicare A nominal increase is needed for FY26,as shown below. The expense is directly related to the Town and School payroll and increases for newer employees. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Total Medicare$ 994,285$ 1,023,616$ 1,040,000$ 1,060,8002.0% Health & Life Insurance In FY26, we project an increase of 13.6% in the health insurance budget line. MIIA recommended that the projection for health insurance be between 8% and 14% as nationwide health insurance costs are trending upward significantly. Thefigures below include increases in premiums plus increases in enrollment. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Benefits/Financial Analyst$ 66,710$ 74,432$ 82,500$ 81,000-1.8% Health Insurance$ 11,547,818$ 12,467,540$ 12,974,132$ 14,754,65413.7% Opt Out Payments$ 153,500$ 173,917$ 170,000$ 200,00017.6% Payments to Other Towns$ -$ -$ 15,000$ 15,0000.0% Professional Services$ -$ -$ 25,000$ 25,0000.0% Life Insurance$ 29,398$ 27,311$ 35,000$ 35,0000.0% Total Health & Life Ins.$ 11,797,425$ 12,743,199$ 13,301,632$ 15,110,65413.6% Town of Reading20FY2026 Proposed Budget Worker Compensation, Indemnification and Unemployment Reading is widely recognized for its safety policies and practices, including its safety committee comprising department heads and front-line employees of multiple departments. In FY26, our worker compensation line increased modestly by 1.3%. Given the wide variability of this expense line, the FY26 budget increases the indemnification costs for police and fire by 4.0%. Based on the previousyear actual, our CFO forecasts a 6.7% increase in FY26 to the unemployment line. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Worker Compensation$ 322,121$ 360,412$ 400,000$ 405,0001.3% 111f Retire. Pending Wages$ 100,000$ -$ -$ -0.0% 111f Expenses$ 172,931$ 58,806$ 125,000$ 130,0004.0% Total 111f Indemnification$ 272,931$ 58,806$ 125,000$ 130,0004.0% Unemployment - Schools$ 52,069$ 12,095$ 55,000$ 55,0000.0% Unemployment - Town$ 66,209$ 5,656$ 15,000$ 20,00033.3% Professional Services$ 855$ -$ 5,000$ 5,0000.0% Total Unemployment$ 119,133$ 17,751$ 75,000$ 80,0006.7% FINCOM Reserves The Finance Committee has an emergency reserve fund for unforeseen expenses. Typically, funding requests during the fiscal year are brought to Town Meeting. However, there are occasions when the matter is needed but sufficiently small that FINCOM can resolve the issue without needing to resort to calling a Special Town Meeting. If the Reserve's balance is too small to cover an unforeseen expense, state law does allow a joint meeting of FINCOM and the Select Board to authorize a transfer from another line with a surplus. Still, this approach has only been used in Reading twice. Regional Vocational Schools Tuition for the primary vocational school Northeast Metropolitan Regional Vocation High School in Wakefield is established by the prior year's enrollment. However, we do not know their final budget at Reading's Annual Town Meeting. Through school choice, students may enroll in two other vocational schools, Minuteman and Essex North Vocational schools. Those tuitions are set by actual attendance, which by state law is not confirmed until late fall during the school year. The estimates for those costs are, Town of Reading21FY2026 Proposed Budget therefore, much more variable we rarely know what our current year costs are until later in the spring, despite our many inquiries. The Northeast Regional School has received approval from the MSBA and regional voters to fund a new building. In addition to tuition, reading will be assessed at about $339,000 annually for 30-40 years. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange North East Regional$ 639,569$ 631,268$ 702,224$ 719,9122.5% North East Regional Capital$ -$ -$ 160,000$ 339,615112.3% Essex North$ 214,659$ 248,300$ 194,688$ 202,4764.0% Minuteman$ 49,750$ -$ 54,080$ 55,4322.5% Total Vocational School$ 903,978$ 879,568$ 1,110,992$ 1,317,43518.6% State Assessments Town Meeting does not vote on these charges;they are deducted from the town's State Aid payments. The availability of federal monies hasslowed the recent growth of the MBTA Assessment. FY25 BUDGETFY26 BUDGETFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange MBTA$ 589,268$ 611,745$ 628,144$ 643,8482.5% School Choice$ 119,221$ 130,500$ 132,209$ 135,5142.5% Charter School$ 49,839$ 49,108$ 127,407$ 130,5922.5% SPED Assessment$ -$ -$ -$ - RMV, MAPC, Air Polltin$ 36,392$ 37,025$ 42,979$ 44,0532.5% TOTAL$ 794,720$ 828,378$ 930,739$ 954,0072.5% Town of Reading22FY2026 Proposed Budget Town Budget by Department FY26Budgets The following table shows that the Town Managers FY26budget for Town departments shows a 2.8% increasecompared to FY25. Town MeetingTown Manager% DepartmentFY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChange Administrative Services$ 2,601,936$ 2,613,165$ 2,972,800$ 2,951,768-0.7% Technology$ 988,986$ 1,109,901$ 1,201,500$ 1,298,4008.1% Public Services$ 1,440,315$ 1,417,865$ 1,784,284$ 1,845,9623.5% Finance$ 995,550$ 1,096,526$ 1,238,150$ 1,275,2003.0% Public Safety$ 13,265,079$ 13,604,994$ 14,576,417$ 15,070,0473.4% Public Works$ 6,235,376$ 6,380,991$ 7,336,378$ 7,433,8261.3% Library$ 1,973,654$ 2,054,399$ 2,181,150$ 2,260,0503.6% Facilities$ 3,354,140$ 3,666,666$ 4,317,210$ 4,462,3683.4% Town Departments Total$ 30,855,035$ 31,944,507$ 35,607,889$ 36,597,6212.8% The total wage increase for all Town Employees is 3.3%. Town MeetingTown Manager% DepartmentFY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChange Administrative Services$ 1,145,954$ 1,193,726$ 1,288,100$ 1,266,300-1.7% Technology$ 414,359$ 481,213$ 521,800$ 539,1003.3% Public Services$ 1,305,126$ 1,328,452$ 1,472,184$ 1,532,0344.1% Finance$ 867,502$ 963,346$ 1,065,500$ 1,123,6005.5% Public Safety$ 12,567,251$ 12,904,900$ 13,851,471$ 14,277,8393.1% Public Works$ 2,871,847$ 3,036,438$ 3,349,700$ 3,510,6504.8% Library$ 1,574,204$ 1,647,524$ 1,754,250$ 1,810,0503.2% Facilities$ 920,789$ 932,683$ 1,016,000$ 1,052,4003.6% Town Department Wages$ 21,667,032$ 22,488,281$ 24,319,005$ 25,111,9733.3% Town of Reading23FY2026 Proposed Budget Full-TimeEquivalents (FTEs) The FY26 FTEs have increased slightly as a part-time Operations Specialist position in Administrative Services has been replaced with a full-time Treasury Analyst position in the Finance department. Town MeetingTown Manager% DepartmentFY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChange Administrative Services 12.6 12.5 12.5 12.0-4.0% Technology 5.0 5.0 5.0 5.00.0% Public Services 21.0 20.9 20.9 21.42.4% Finance 11.9 11.9 12.9 13.97.8% Public Safety 119.0 120.9 120.9 120.90.0% Public Works 44.0 42.7 42.7 42.70.0% Library 24.9 24.5 24.6 24.60.0% Facilities 11.0 11.0 11.0 11.00.0% Town Departments Total 249.4 249.4 250.5 251.50.4% Expenses Most Department expenses are moderate and below the FINCOM guidance of 3.5%. The Technology budget increased by 11.7%, driven by the addition of the licensing needed for the town/school security system software. This system was installed a few years back and had licensing that covered it until the fall of 2025. The Finance expenses decreased by 12.2% due to reduced costs related to sharing our Regional Assessor with three communities instead of two, as was budgeted in FY25, which provided significant savings. Public safety expenses increased by 9.3% due to parking enforcement software and equipment for the parking enforcement officer and the kiosks. Town of Reading24FY2026 Proposed Budget Town of Reading25FY2026 Proposed Budget AdministrativeServices Department Overview The Administrative Services Department is designed to promote organizational efficiency and communication. The Assistant Town Manager serves as the department head and fills the role of Ombudsman an advocate for the public required by the Town Charter. Administrative Services has five divisions: Operations, Human Resources, Town Clerk, Town Managers Office, and Elections. Administrative Services staff work collaboratively with all departments throughout the town, including the School Department and RMLD. Some organizational costs, such as Law and Property/Casualty Insurance, are centralized in the Town Managers Office. FY26Budget Summary As shown below, the Administrative Services FY26budget is effectively a level services budget, reducing slightly due to fewer anticipated elections and savings from staff movement.Those savings offset anticipated annual increases in property and casualty insurance premiums. There are no changes in staffing levels proposed for FY26 for the remaining divisions. Wage and Expense lines are shown separately both for informational purposes and because those lines are voted forby Town Meeting. Department Highlights In June the Director of Operations was promoted to Assistant Town Manager / Ombudsman. The Operations Executive Assistant was promoted to Director of Operations and in September a new executive assistant was hired. All three hold masters degrees in public administration and all are MCPPO certified. Due to the later in the year hiring of the executive assistant, the department saw a small savings in the salary line. The movement of these positions, compared to projections from last year, showssmall savingsfor FY26. All other divisionssalaries arefunded and aligned with the classification chart. Increases are related to elections and property and casualty insurance, which again, are offset by savings in salaries. Town of Reading26FY2026 Proposed Budget Town MeetingTown Manager% DivisionsFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Operations$ 731,177$ 764,727$ 797,700$ 778,500$ (19,200)-2.4% Human Resources$ 206,199$ 244,441$ 258,400$ 266,700$ 8,3003.2% Town Manager Office$ 1,408,683$ 1,342,060$ 1,626,200$ 1,650,268$ 24,0681.5% Town Clerk Office$ 165,262$ 171,411$ 186,100$ 192,900$ 6,8003.7% Elections$ 90,615$ 90,526$ 104,400$ 63,400$ (41,000)-39.3% Department Total$ 2,601,936$ 2,613,165$ 2,972,800$ 2,951,768$ (21,032)-0.7% Line G91 FY25 Administrative Services Wages Town MeetingTown Manager% Administrative ServicesFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Operations$ 560,650$ 595,080$ 619,200$ 616,900$ (2,300)-0.4% Human Resources$ 164,510$ 204,715$ 219,400$ 227,700$ 8,3003.8% Town Manager Office$ 203,985$ 181,221$ 218,000$ 218,400$ 4000.2% Town Clerk Office$ 162,356$ 167,062$ 181,100$ 187,900$ 6,8003.8% Elections$ 54,454$ 45,648$ 50,400$ 15,400$ (35,000)-69.4% Department Wages$ 1,145,954$ 1,193,726$ 1,288,100$ 1,266,300$ (21,800)-1.7% Line G92 FY25 Administrative Services Expenses Town MeetingTown Manager% Administrative ServicesFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Operations$ 170,526$ 169,647$ 178,500$ 161,600$ (16,900)-9.5% Human Resources$ 41,689$ 39,726$ 39,000$ 39,000$ -0.0% Town Manager Office$ 1,204,698$ 1,160,839$ 1,408,200$ 1,431,868$ 23,6681.7% Town Clerk Office$ 2,906$ 4,350$ 5,000$ 5,000$ -0.0% Elections$ 36,161$ 44,878$ 54,000$ 48,000$ (6,000)-11.1% Department Expenses$ 1,455,981$ 1,419,439$ 1,684,700$ 1,685,468$ 7680.0% Town of Reading27FY2026 Proposed Budget Operations Division Division Overview The Operations Division includes the department head, Director of Operations, Executive Assistant of Operations, and support staff shared with the Administrative Services Department. Operations is the centralized location for town-wide procurement, risk management, communications, and constituent services. Postage is also centralized in this division, as well as equipment maintenanceacross Town-wide multi-function machines (printers, etc.). Division Activities In June 2024, the Director of Operations was promoted to the role of Assistant Town Manager, while the Executive AssistantOperations was promoted to the Director role in July. In September, a new Executive AssistantOperations was onboarded, taking this division back to fully staffed, with all employees holding the Massachusetts Certified Public Procurement Officer (MCPPO) designation. Operations offers town-wide centralized bidding servicesand contract management and has issued 39 procurement bids or RFP/RFQ for FY24. FY25 is on track to meet that number. The division manages riskby working closely with all departments through the Safety Committee and our Massachusetts Interlocal Insurance Association (MIIA) insurance company. Operations serveas the center for Town-wide communications and community engagement by managing SeeClickFix and Onisa primary resource for all departments and employees looking to access these systems, withthe Director also serving as Public Information Officer. The Operations divisions also supportmajor projects and initiatives, including the Killam School Building Project, the Reading Center for Active Living Project,and the ongoing Rubbish and Recycling work as the Town prepares to switch to automated pickup in 2026. FY26 Budget Summary This budget includes support staff for the Town Clerk and Human Resources, as well as overtime for evening meetings. This division also supports multifunction devices (copiers) across all town departments. Town of Reading28FY2026 Proposed Budget In FY26, the Operations salary line item decreased due to some internal promotions, and an Operations Specialist was eliminated from Administrative Services and moved to fund a position in the Finance Department. The expenses line item is down 9.5% due to cost savings across postage; FY25 was heavy with election-related mailing expenses not seen in FY26. Though included in Accommodated Costs, property and casualty insurance is currently projected to increase 2.5% for FY26; our insurance increase is helped by our excellent loss ratios and speaks to our strong interdepartmental cooperation and safety committee. Town MeetingTown Manager% OperationsFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Assistant Town Manager$ 101,407$ 58,937$ 72,100$ 74,900$ 2,8000.0% Director of Operations$ 94,995$ 103,187$ 99,000$ 102,500$ 3,5003.5% Procurement Officer$ 68,938$ -$ -$ -$ -0.0% Support Staff$ 272,134$ 404,373$ 433,100$ 424,500$ (8,600)-2.0% Overtime$ 13,682$ 10,661$ 15,000$ 15,000$ -0.0% Buyback$ 9,494$ 17,922$ -$ -$ -0.0% Division Wages$ 560,650$ 595,080$ 619,200$ 616,900$ (2,300)-0.4% Postage$ 102,050$ 105,406$ 105,500$ 87,500$ (18,000)-17.1% Copier Leases & Supplies$ 41,526$ 41,605$ 45,000$ 46,100$ 1,1002.4% Professional Development$ 11,859$ 10,430$ 18,000$ 18,000$ -0.0% Supplies. Repairs,Other$ 15,091$ 12,206$ 10,000$ 10,000$ -0.0% Division Expenses$ 170,526$ 169,647$ 178,500$ 161,600$ (16,900)-9.5% Town of Reading29FY2026 Proposed Budget Human Resources Division Division Overview The HR division provides support to the Town (Town Manager), the School Department (Superintendent), the Light Department (General Manager), and all Retirees (in conjunction with the independent Retirement Board and the Massachusetts Teachers Retirement System). Collaboration with the Finance Department occurs daily. The division reports directly to the Town Manager. Division Activities The division providesexcellent customer service for benefits and other inquiries to all Town, School, and RMLD employees and retirees. In addition, staff work hard to partner with Department Heads to recruit the organizations talent. During FY25, the division worked alongside the new Town Manager to ensure all personnel matters were handled appropriately. While we are mostly fullystaffed, we expect several new hires down the pipeline, especially in public safety, due to a series of retirements. While more cumbersome, public safety hiring costs are treated as anomalies and are not a repeatable draw on the budget. As a result, the division is working closely with Finance to ensure all personnel-related budget expenditures are met and kept as up to dateas possible to find any cost savings for future years. FY26 Budget Summary Similar to last year, in FY26, we are requesting level funding for all expense line items. In the future, we may request an increase in the advertising expense line as hiring positions become increasingly difficult and requiremultiple attempts. We may also request funding for an applicant tracking system in Administrative Services or another department. As in previous years, employee retention and attraction remain the topgoal. As we look to the future, we remain attentive to adapting to the times, so Reading remains a relevant and desirable career place. Town of Reading30FY2026 Proposed Budget Town MeetingTown Manager% Human ResourcesFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange HR Director$ 91,240$ 114,254$ 125,200$ 130,000$ 4,8003.8% HR Assistant Director$ -$ 90,461$ 94,200$ 97,700$ 3,5003.7% HR Generalist$ 73,270$ -$ -$ -$ -0.0% Buyback$ -$ -$ -$ -$ -0.0% Division Wages$ 164,510$ 204,715$ 219,400$ 227,700$ 8,3003.8% Prof/Tech Services$ 519$ 12,175$ 6,500$ 6,500$ -0.0% Advertising$ 6,573$ 7,195$ 5,000$ 5,000$ -0.0% Employee Physicals$ 23,967$ 15,203$ 18,500$ 18,500$ -0.0% DOT Certifications$ 3,520$ 3,890$ 4,000$ 4,000$ -0.0% Training Initiatives$ 7,110$ 1,262$ 5,000$ 5,000$ -0.0% Division Expenses$ 41,689$ 39,726$ 39,000$ 39,000$ -0.0% Town of Reading31FY2026 Proposed Budget Town Clerk /Elections Division Division Overview The Town Clerk is guided by federal, state and local laws as well as policies in overseeing elections, voter registration, the census process, Town Meeting, and local licenses as well as historic and legal documents for the Town. The Town Clerks Office is responsible for providing reliable and efficient service to the public, while keeping and preserving all public records and historical documents for current and future residents. Division Activities The Town Clerk /Elections Division is involved in a vast number of activities. This list is a limited example of what is happening within the office throughout the year. Centralized Document Storage for Town and Schools. Licensing. Maintain and track Open Meeting Law requirements. Maintain and track Ethic Law requirements. Primary Public Records Requests Access Officer. Reporting Requirements. State, Local and Special Election Administration. Town and Federal Census. Town Meetings. Vital Records Management. Voter Registration Maintenance and Processing. FY26 Budget Summary There is a decrease in the election line items this fiscal year due to the number of elections. This line changes every year depending on the number of elections scheduled. Town of Reading32FY2026 Proposed Budget FY26Budget Town ClerkWages and Expenses Town MeetingTown Manager% Town Clerk's OfficeFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Town Clerk$ 96,116$ 100,186$ 111,100$ 115,300$ 4,2003.8% Assistant Town Clerk$ 63,300$ 66,261$ 69,000$ 71,600$ 2,6003.8% Town Clerk Stipend$ -$ 615$ 1,000$ 1,000$ -0.0% Buyback$ 2,940$ -$ -$ -$ -0.0% Division Wages$ 162,356$ 167,062$ 181,100$ 187,900$ 6,8003.8% Prof/Tech Services$ 2,906$ 4,350$ 5,000$ 5,000$ -0.0% Division Expenses$ 2,906$ 4,350$ 5,000$ 5,000$ -0.0% FY26Budget Elections Wages and Expenses Town MeetingTown Manager% ElectionsFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Election Workers$ 71,300$ 55,485$ 50,000$ 15,000$ (35,000)-70.0% Registrars$ 2,072$ 2,131$ 2,500$ 2,500$ -0.0% Town Meeting Monitor$ 1,225$ 1,495$ 1,500$ 1,500$ -0.0% State Grant support$ (20,143)$ (13,464)$ (3,600)$ (3,600)$ -100.0% Division Wages$ 54,454$ 45,648$ 50,400$ 15,400$ (35,000)-69.4% Elections expenses$ 25,732$ 37,664$ 37,000$ 31,000$ (6,000)-16.2% Census expenses$ 6,198$ 6,059$ 15,000$ 15,000$ -0.0% Town Meeting expenses$ 4,231$ 1,154$ 2,000$ 2,000$ -0.0% Division Expenses$ 36,161$ 44,878$ 54,000$ 48,000$ (6,000)-11.1% Town of Reading33FY2026 Proposed Budget Division Overview Under the Reading Home Rule Charter, the Town Manager is appointed by the Select Board for the efficient administration of all functions placed under his control. The Town Manager serves as the Chief Procurement Officer and has certain fiduciary responsibilities over the Town, School, and Light Departments. Town Managers Office includes centralized costs such as Legal and Property/Casualty Insurance, as well as some costs associated with the elected Select Board and appointed Finance Committee. Division Activities Maintain oversight of all typical annual Town operational activities. Supervise Town capital projects and change schedules. Oversee budget and financial long-term planning. Oversee administrative functions as directed by the Select Board and Finance Committee. FY26 Budget Summary The Town Manager's wages are set by contract, and at the time of this writing,a new contract was just signed between the Select Board and the Town Manager. Property/casualty insurance expenses are driven higher by the market and large weather-related losses across the segment, which we anticipate we will see for a while. However, Reading works hard with Town Staff to maintain low loss ratios, which currently are well below peers and help keep premiums down. Legal expenses continue to be difficult to predict, as complex and time-consuming issues come before the Select Board. For FY2026, the Town Manager Reserves have been reduced by $2,000 to $18,000; this line has been instrumental in funding community events on the Town Common, particularly in the summer months. The Cultural Council line is continued because of their long-lead time to give out grants. The remaining budget remains level funded. Town of Reading34FY2026 Proposed Budget Town MeetingTown Manager% Town Manager's OfficeFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Town Manager$ 203,985$ 181,221$ 218,000$ 218,400$ 4000.2% Division Wages$ 203,985$ 181,221$ 218,000$ 218,400$ 4000.2% P&C Insurance$ 849,898$ 856,119$ 961,700$ 1,011,368$ 49,6685.2% Town Cousel$ 208,619$ 184,370$ 285,000$ 260,000$ (25,000)-8.8% Other legal$ 45,014$ 18,256$ 40,000$ 40,000$ -0.0% Town Mgr Reserves$ 14,400$ 28,138$ 20,000$ 18,000$ (2,000)-10.0% Town Mgr other$ -$ -$ -$ -$ -0.0% Cultural Council$ 8,000$ 8,000$ 8,000$ 8,000$ -0.0% Select Board$ 11,482$ 15,956$ 22,900$ 22,900$ -0.0% Finance Committee$ 67,286$ 50,000$ 70,600$ 71,600$ 1,0001.4% Division Expenses$ 1,204,698$ 1,160,839$ 1,408,200$ 1,431,868$ 23,6681.7% Town of Reading35FY2026 Proposed Budget Technology Department Overview The Town of Reading Technology Department provides centralized network and telecommunications services, distributed internet, audio/video, software, personal computer support, and geographic information systems (GIS) mapping. The department coordinates many technological activities with the School and Light Departments and other communities to support regionalization agreements. Department Activities The technology department continued to work with the various town departments to adapt the services and solutions provided as the needs of the town departments continued to evolve. The technology department was fortunate to have received a grant to upgradethe towns electronic document storage platform. We have completed the upgrade funded by this grant and should remain with this solution for at least 5 years. We have also been awarded grants to further strengthen our cybersecurity posture and enhance ourfiber optic network. The department is completing the migrationof a handful of self-hosted services to cloud-basedsolutions, whichresults in more solutions and services that we canprovide to the various town departments that we support. FY26 Budget Summary The Technology Department is asking to increase its budget compared to last year. The overall increase being proposed is 8.1%. A dramatic change in the Technology Departments expenses explains why the increase is out of line with the increase guidance. One of the increases worth highlighting is the addition of the licensing needed for the town/school security system software. This system was installed a few years back and had licensing that covered it until fall 2025. This single difference accounts for the majority of what was looking to be a 3.2% overall budget increase to the 8.1% we are proposing. Another noteworthy expense-related increase is in the accounts that comprise parts and supplies. There was an increase of $5kdue to a change in howprinter supplies and services are handled across departments. There is an equal $5k reduction in the Police Departments FY26 proposed budget to offset this. Increases across most accounts can be explained by subscription or licensing increases. In some instances, licenses have increased due to the cost going up, in addition to added functionality. Salaries increased by3.3%, which is pretty much in line with the expectation, but there have been some changes worth mentioning. We want Town of Reading36FY2026 Proposed Budget to modify the position of GIS Administrator so that some of the towns database administration functions are covered. This position would be a GIS/Database Administrator. We have also transferred some funds from the departments overtime account to the account for our seasonal employees. This change did not impact the overall salary request from the department. Town MeetingTown Manager% TechnologyFY23 ActualFY24 ActualFY25 Actual YTDFY25 BUDGETFY26 BudgetChange Chief Technology Officer$ 124,072$ 141,690$ 62,216$ 147,700$ 153,4003.9% Technology Manager$ -$ -$ 33,925$ 95,500$ 100,4005.1% GIS/Database Administrator$ 87,068$ 92,157$ 40,400$ 96,000$ 100,2004.4% Software Training Coord.$ 76,070$ 82,056$ 5,774$ -$ - Computer Technicians$ 89,254$ 141,282$ 66,100$ 157,600$ 165,1004.8% Technology Overtime$ 19,875$ 20,463$ 3,561$ 18,300$ 13,000-29.0% IT Itern$ -$ -$ -$ 6,700$ 7,0004.5% Buyback$ 18,020$ 3,565$ -$ -$ - Division Wages$ 414,359$ 481,213$ 211,977$ 521,800$ 539,1003.3% Landlines & Wireless Phones$ 108,116$ 112,853$ 52,042$ 110,000$ 112,0001.8% Professional Services$ 14,948$ 13,596$ 1,606$ 39,000$ 40,0002.6% Technical Licenses/Support$ 123,542$ 168,151$ 56,528$ 134,000$ 137,0002.2% Parts, Supplies. Other$ 23,648$ 18,922$ 9,126$ 39,000$ 45,00015.4% PC Hardware$ 4,675$ 14,957$ 20,531$ 34,000$ 36,0005.9% Network Hardware$ 1,785$ 9,661$ 140$ 10,000$ 10,0000.0% Parts&Equipment$ 276,714$ 338,140$ 139,973$ 366,000$ 380,0003.8% Financial software$ 111,265$ 107,927$ 113,618$ 113,400$ 115,7002.0% Public Safety software$ 57,214$ 59,722$ 24,041$ 61,300$ 64,5005.2% Permits & Lic. software$ 49,908$ 54,597$ 50,921$ 51,000$ 54,0005.9% GIS Mapping software$ 18,090$ 17,996$ 18,145$ 18,000$ 18,0000.0% Facilities Security software$ -$ -$ -$ -$ 54,000 Document storage$ 13,611$ -$ 14,932$ 15,000$ 17,00013.3% Facilities Work Order$ 20,786$ 21,872$ 18,783$ 23,000$ 22,000-4.3% Website & Communication$ 12,735$ 15,731$ 8,892$ 15,100$ 17,10013.2% Assessor software$ 10,025$ 10,525$ 11,050$ 12,000$ 12,0000.0% Other software$ 4,278$ 2,178$ -$ 4,900$ 5,0002.0% Software Licenses$ 297,913$ 290,548$ 260,382$ 313,700$ 379,30020.9% Department Expenses$ 574,626$ 628,688$ 612,331$ 679,700$ 759,30011.7% Department Total$ 988,986$ 1,109,901$ 824,308$ 1,201,500$ 1,298,4008.1% Town of Reading37FY2026 Proposed Budget Public Services Department Overview The Public Services Department (PSD) provides a wide range of community services, which are divided into administration, community services, and community development. Community Services include Elder/Human Services, Recreation, and Veterans Services; Community Development includes Planning and Economic Development, Inspections, Conservation,and Historical.The department head is the Assistant Town Manager, and the salary budget is shared between Public Services and Administrative Services. FY26Budget Summary As shown below, the PSD FY26 total budget is increasing by 3.5%. Salaries are rising by 4.1%, according tothe classification chart, and positions partially funded by ARPA dollars are now fully supported in the budget. Expenses for FY26 are level-funded with a 0.6% increase. Town MeetingTown Manager% DivisionsFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Administration$ 343,645$ 277,050$ 300,300$ 308,628$ 8,3282.8% Community Services$ 547,476$ 584,949$ 764,384$ 788,534$ 24,1503.2% Community Development$ 549,194$ 555,867$ 719,600$ 748,800$ 29,2004.1% Department Total$ 1,440,315$ 1,417,865$ 1,784,284$ 1,845,962$ 61,6783.5% Line H91 -FY25Public Services Wages Town MeetingTown Manager% DivisionsFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Administration$ 315,485$ 272,995$ 255,200$ 264,500$ 9,3003.6% Community Services$ 452,187$ 483,566$ 587,384$ 608,734$ 21,3503.6% Community Development$ 537,454$ 571,890$ 629,600$ 658,800$ 29,2004.6% Department Wages$ 1,305,126$ 1,328,452$ 1,472,184$ 1,532,034$ 59,8504.1% Line H92 -FY25Public Services Expenses Town MeetingTown Manager% DivisionsFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Administration$ 28,160$ 4,055$ 45,100$ 44,128$ (972)-2.2% Community Services$ 95,288$ 101,383$ 177,000$ 179,800$ 2,8001.6% Community Development$ 11,741$ (16,023)$ 90,000$ 90,000$ -0.0% Department Expenses$ 135,189$ 89,414$ 312,100$ 313,928$ 1,8280.6% Town of Reading38FY2026 Proposed Budget Administration Overview This division includes the department head and the support staff for the entire department. Some expenses (Professional Development, Office Supplies) are centralized in this division. This division is also responsible for financial transactions, from payroll to invoices and receipts. Considerable reductions were made in the expenses line to better reflect actual expenditures. FY26Budget Summary The support staff includes two full-time and two part-time employees. The town Managers Executive Assistant provides additional administrative support. Town MeetingTown Manager% AdministrationFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Assistant Town Manager$ 110,282$ 54,224$ 72,100$ 74,900$ 2,8003.9% Support Staff$ 182,284$ 215,751$ 178,100$ 184,600$ 6,5003.6% Overtime$ 4,953$ 8,884$ 12,500$ 12,500$ -0.0% Revolving Fund support$ (7,500)$ (7,500)$ (7,500)$ (7,500)$ -0.0% Buyback$ 25,465$ 1,636$ -$ -$ -0.0% Division Wages$ 315,485$ 272,995$ 255,200$ 264,500$ 9,300 3.6% Outsourced Prof Svcs$ 3,000$ (17,692)$ 20,000$ 24,000$ 4,00020.0% Prof. Development$ 6,719$ 6,087$ 5,000$ 5,000$ -0.0% Office Supplies$ 6,367$ 3,218$ 6,000$ 5,000$ (1,000)-16.7% Mileage$ 9,433$ 9,037$ 9,000$ 9,000$ -0.0% Advertising/Utilities$ 2,641$ 3,404$ 5,100$ 1,128$ (3,972)-77.9% Division Expenses$ 28,160$ 4,055$ 45,100$ 44,128$ (972)-2.2% Town of Reading39FY2026 Proposed Budget Community Development Community Development Overview Community Development includes the following divisions: Planning & Economic Development, Inspections, Conservation, and Historic. There are seven full-time staff, and part-time administrative and inspectional staff. Community Development staff remain busy working with many community and regional partners and with the State on various residential and commercial development projects, affordable housing, climate and sustainability, historic preservation, grant administration, and more. Plan reviews and project implementation require various staff members' time, funding, and effort. Staff members have identified numerous grant opportunities, directly written said grants, and managed the post-awardprocess to promote desired development and placemaking while saving on related expenses. However, it is essentialto note that many grants may require monetary match components and/or in- kind contributions such as staff hours. FY26Budget Summary Local expenses are primarily used as seed/matching funds for priority grant applications, downtown programming and streetscape improvements, consultant onboarding, and public engagement. They also includethe typical annual expenses for office supplies, legal mailings, professional development opportunities, and mileage. The FY26 budget is, in essence, a level budget from the previous year. An increase to the Metro North Regional Housing Services Office (MNRHSO) Regional Housing Line (a $30,000 increase) is shown, which was necessary to bring in the two additional municipalities, who will reimburse Reading their expenses throughout the year meaning a no-direct-costincrease to Readings group fees. All other expenses and salaries are within expectations of the level budget. Town of Reading40FY2026 Proposed Budget Town MeetingTown Manager% Community DevelopmentFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Community Devel Director$ 119,620$ 101,241$ 113,800$ 118,200$ 4,4003.9% Planning & Econ Devel$ 101,800$ 143,464$ 159,900$ 171,000$ 11,1006.9% Inspections$ 238,590$ 245,004$ 270,200$ 280,700$ 10,5003.9% Conservation$ 77,443$ 82,182$ 85,700$ 88,900$ 3,2003.7% Historic$ -$ -$ -$ -$ -0.0% Comm Development Wages$ 537,454$ 571,890$ 629,600$ 658,800$ 29,2004.6% Planning Staff$ 23,576$ 63,454$ 83,700$ 86,800$ 3,1003.7% Permits Coordinator$ 73,470$ 77,961$ 81,200$ 84,200$ 3,0003.7% Regl Affordable Hsng Coord$ -$ -$ -$ -$ -0.0% Econ Devel Staff$ 82,631$ 59,219$ 93,700$ 84,800$ (8,900)-9.5% Overtime$ -$ -$ -$ -$ -0.0% Offsets$ (82,631)$ (59,219)$ (98,700)$ (84,800)$ 13,900-14.1% Buybacks$ 4,754$ 2,049$ -$ -$ -0.0% Planning/Ec Dev Wages$ 101,800$ 143,464$ 159,900$ 171,000$ 11,1006.9% Bulding Inspectors$ 203,916$ 209,687$ 235,000$ 242,500$ 7,5003.2% Elec/Plumbing Insp$ 84,674$ 85,317$ 85,200$ 88,200$ 3,0003.5% Offsets$ (50,000)$ (50,000)$ (50,000)$ (50,000)$ -0.0% Buybacks$ -$ -$ -$ -$ -0.0% Inspections Wages$ 238,590$ 245,004$ 270,200$ 280,700$ 10,5003.9% Conservation Administrator$ 79,443$ 84,182$ 87,700$ 90,900$ 3,2003.6% Offsets$ (2,000)$ (2,000)$ (2,000)$ (2,000)$ -0.0% Buybacks$ -$ -$ -$ -$ -0.0% Conservation Wages$ 77,443$ 82,182$ 85,700$ 88,900$ 3,2003.7% Town MeetingTown Manager% Community DevelopmentFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Planning & Econ Devel$ 11,741$ (16,023)$ 90,000$ 87,500$ (2,500)-2.8% Inspections$ -$ -$ -$ -$ -0.0% Conservation$ -$ -$ -$ 2,500$ 2,5000.0% Historic$ -$ -$ -$ -$ -0.0% Comm Development Expenses$ 11,741$ (16,023)$ 90,000$ 90,000$ -0.0% Regl Afford Housing$ 31,248$ 15,570$ 105,000$ 105,000$ -0.0% Econ Development$ 15,493$ 3,407$ 20,000$ 17,500$ (2,500)-12.5% Offsets$ (35,000)$ (35,000)$ (35,000)$ (35,000)$ -0.0% Planning & Econ Devel$ 11,741$ (16,023)$ 90,000$ 87,500$ (2,500)-2.8% Town of Reading41FY2026 Proposed Budget Planning Division Division Overview The Planning Division provides technical services to the Town and the relevant land use boards. Several long-range plans regarding economic development, transportation, housing, and other aspects of land use serve as a guide for planning staff to help achieve the town's stated goals. Planning processes aid civic leaders, businesses, and citizens in envisioning and implementing possibilities for the future. In addition to long-range planning, planning staff also develop action plans aimed at providing solutions to current community problems and addressing daily needs. Division Activities Permitting Administration:the division supports new development through the Site Plan Review or other local review processes. Ongoing development on Main Street, within the Downtown district, and residential subdivision remain consistent. Zoning Bylaw Amendments:Working with the CPDC on priority zoning amendments that are brought to Town Meeting. A two-year process for MBTA Communities compliance, supplemented by a $95,000 grant award, saw amendments to the Downtown Smart Growth District and existing multi-family districts. Future amendments to Accessory Apartments, Floodplain, Table of Uses and other administrative needs are in discussion. Changes to the existing Industrial District may come forward after the public engagement and visionof the Eastern Gateway plan (sponsored by a $95,000 grant). Subsidized Housing Inventory (SHI):Staff workwith developers and the Executive Office of Housing and Livable Communities (EOHLC)to ensure that permitted units stay on the SHI and that the Town achieves and maintains 10% on the inventory. Building permitting is necessary forthe previously approved Eaton Lakeview 40B and Chute Street 40R to reachthe 10% requirement unless new development supplements such. Regional Housing:The Metro North Regional Housing Services Office (MNRHSO) added the municipalities of Stoneham and Wakefield to the group. A new RFP was released to provide competitive consultationto administer the monitoring of LIP/LAU units. Downtown Parking Kiosks:Ongoing discussions on downtown parking management remain with the Reading Police Department, Business Community,and Select Board to determine appropriate practicesand needs. Town of Reading42FY2026 Proposed Budget Streetscape Project & Municipal Lot Redesign:Staff have workedwith Engineering on scope, funding, design concepts, and consultant coordination for the Phase II Streetscape Project (Lower Haven & High). The design is substantially complete, was awarded a $2,600,000 MassWorks grant, and is seeking local approval for its construction. Green Communities Designation:Staff locally updated the Green Communities data and research needs for designation. An application was submitted,and a designation is expectedin early 2025. The designation will provide grant opportunities to partner with the Facilities Division on municipal building energy efficiency improvements and possibly newly constructed buildings as well. Net Zero Plan:Staff completed the Net Zero Action Plan through local funding, Community Compact Grant, and TAP grant to identify a series of targetable achievements with the RMLD to reach state energy requirements and local needs. Actions spanning municipal improvements, transportation, new residential and commercial development, programs for existing building improvements,and waste management have been identified. Local Rapid Recovery Plan (LRRP):We are Working to implement LRRP recommendations usinga $100,000 earmark funding award. Eastern Gateway:We are Working with Form and Place architectural consultantsto identify uses and zoning controls of the industrial district. Administered through a $100,000 grant award. Walkers Brook Drive Corridor Study:A $500,000 MassWorks grant was awarded to advance the conceptual design of the Walkers Brook Drive corridor. The design seeks improvements to vehicular movements, pedestrian connections, and multi-modal opportunities. Municipal Vulnerability Preparedness (MVP):Staff collaborated regionally with the Resilient Mystic Collaborative for a $520,000 MVP grant to identify critical facilities in flood-prone areas and advance stormwater capture and treatment around such facilities. o Workthrough the MVP 2.0 Pilot Process to ensure equitable social resilience across identified priorities. Community Garden:Continued support to administer the Mattera Community Garden. Arts and Culture Action Plan:A grant-funded project to develop and identify public art opportunities and community needs to support artists and their workspaces. Conservation Support:Leading support for the Conservation division by applying for grant and earmark awards, such as the Bare Meadow restoration project, and facilitatingprojects in collaboration with the DPW and volunteers. Town of Reading43FY2026 Proposed Budget Boards and Commissions:Administrative support to the CPDC, ZBA, and Conservation Commissions; and indirectly to the Historical, Climate,and Housing committees. Economic Development Division Division Overview The Economic Development Division provides professional, technical work advancing the Towns economic development activities and goals to provide general business support for the Town. The Town does this through streamlined permitting, policy updates, business resources and incentives, and proactive implementation of the Towns Economic Development Action Plan. Our approach is to 1) keep downtown vital, 2) preserve what is essential, and 3) be well-positioned for opportunities. Readings Economic Development Action Plan is available on the Towns website. Division Activities The Town will comprehensively redesign Walkers Brook Drive through a robust community and stakeholder engagement campaign. The redesign's goal is to facilitate multimodaluse of the corridor, increase safety, and establish important infrastructure improvements to stimulate economic development throughout the corridor. The Town is reviewing opportunities for new zoning across its Eastern Gateway District within the existing underutilized Industrial District. A public engagement process will ensure that ideal uses and controls the public is comfortable with are captured and provided with visual references. This will transformthe identified priorities into zoning language that the CPDC and Town Meeting could act on. Main Streets Organization the previous Business Improvement District (BID) is transitioning its work to prioritize the establishment of a Main Streets Organization a non-profit entity thatcan collect donations/grants/funds to implement improvements across the downtown district. These improvements can be hardscape elements such as benches/trees/public art or to host broader events to attract regional populations to Reading. Staff will support rd engagement and awareness, but ultimately,a 3party group mustfully establish and manage a Main Streets organization. The Downtown Business Guide and Parking Map will be updated as new parking spaces are added tothe Upper Haven and Brande Court parking lots. Town of Reading44FY2026 Proposed Budget Working with MassDevelopment and other regional partners to find opportunities to support local businesses. Training programs, local grants and financing, and othershave been explored. The division used grant and earmark funding to support a temporary Fa ç ade Improvement Program for local businesses. Three awards were given to improve siding, landscape, and signage. 2024-25 saw the completion of the Arts and Culture Action Plan. Priority implementation of actions to spur public art, consider facility improvements, and bring attraction to Reading is ongoing. Business Openings (2024)A series of new downtown developments were completed and occupied. Opportunities to re-use vacant storefronts are being explored, and the division is continuously discussing this with real estate agents to stay up to date and support any necessary permitting process. Town of Reading45FY2026 Proposed Budget Inspections Division Division Overview A full-time building commissioner and three part-time building inspectors (each retired as building commissioner from another community and collectively brings 60+ years of expertise to Reading), plus two highly credentialed plumbing/gas and electrical inspectors, round out the team. Division Activities All four Building Inspectors work collaboratively on projects to meet Town and State requirements. The Building Commissioner works closely with the Planning Division and Zoning Board of Appeals administrative staff to ensure proposals conform to the ZoningBylaw. The Building Commissioner is also seeking Floodplain Administrator designation and training to support future changes to the floodplain regulations and potential permitting. The Permits Coordinator helped migrate to the new online permitting software, which also required training staff and guiding applicants. Building and Permitting staff provide support on zoning amendments, state designations (e.g., Housing Choice Initiative data), long-term plan initiatives (e.g., Housing Production Plan data), and land use applications (e.g., Home Business Certificates, etc.). Town of Reading46FY2026 Proposed Budget Conservation Division Division Overview The Conservation Division is responsible for protecting Readings streams and wetlands and providing staff and technical services support to the Reading Conservation Commission. Principal duties include enforcing and administering the Massachusetts Wetland Protection Act, M.G.L. Chapter 131, Section 40, and the ReadingWetland Protection General Bylaw, Section 7.1. The Commission manages over 989 acres of Town-owned conservation land and monitors conservation easements and restrictions. Division Activities Conservation Division Activities include supporting MVP Action Grant applications and development; implementing priority actions within the Open Space and Recreation Plan; overseeing the DCR Trail grants; opening up inaccessible land and developing new trail systems through partnership with private development; providing staff leadership on the Mattera Cabin Community Garden; assistance with Town Forest projects and Trail Committee projects; conducting outreach and education regarding the Town's natural resources and watersheds; and working with Girl & Boy Scouts to complete service projects on public land. Staff support the Conservation Commission both technically and administratively to enforce the local Wetlands Protection Regulations (updated in 2023) and administer residential and commercial development applications within jurisdictional areas. The Commission periodically reviews itslocal regulations to ensure thatemerging best practices on tree removal/replacement, stormwater capture, and other initiatives are updated. Most ofthe divisions public work has been implemented through grants, earmarks, volunteers, donations, and public-private partnerships. This upcoming year,a budget of $2,500 was reallocated to a new Conservation Expenses line to help support trail maintenance, plantings, and invasive species removal as necessary. Town of Reading47FY2026 Proposed Budget Historic Division Division Overview The Historical Division is staffed by volunteers, with assistance from department staff as needed. The Reading Historical Commission (RHC) oversees historic preservation, including the Demolition Delay Bylaw. The Historic District Commission (HDC) regulatesproperties within the historic districts (West Street& Summer Avenue). They also provide input on applications within Scenic Roads of South Street and Walnut Street. Division Activities The RHC met 16 times throughout the year. Supporting information is also provided to the Community Planning and Development Commission (CPDC) for relevant applications. The RHC has promoted programs such as electrical box art wrappings and digitizing/preserving historical documents. The RHC is looking at updating itslocal regulations, such as the length of the Demolition Delay and definitions, which will require amendments to the General Bylaw and Town Meeting approval if advanced. The HDC met 12 times and is discussing whethera new district along Woburn Street is appropriate. Town of Reading48FY2026 Proposed Budget Community Services Community Services Overview Community Services include: Recreation (REC) Elder/Human Services (EHS) Veterans Services Office (VSO) FY26Budget Summary Town MeetingTown Manager% Community ServicesFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Community Svcs Director$ 89,830$ 100,567$ 113,800$ 118,200$ 4,4003.9% Elder/Human Services$ 214,949$ 194,366$ 270,684$ 257,534$ (13,150)-4.9% Recreation$ 83,863$ 121,242$ 132,700$ 160,200$ 27,50020.7% Veteran's Services$ 63,545$ 67,392$ 70,200$ 72,800$ 2,6003.7% Comm Services Wages$ 452,187$ 483,566$ 587,384$ 608,734$ 21,3503.6% Elder/Human Svcs Administrator$ 81,710$ 77,996$ 82,000$ 85,000$ 3,0003.7% Senior Center Coordinator$ 35,378$ 55,415$ 58,300$ 60,400$ 2,1003.6% Volunteer Coordinator$ -$ 13,604$ 25,000$ 27,500$ 2,50010.0% Elder/Human Svcs Clerk$ -$ -$ 48,600$ 44,300$ (4,300)-8.8% Van Drivers$ 52,358$ 55,116$ 78,100$ 65,500$ (12,600)-16.1% Nurse Advocate$ 73,567$ 57,125$ 56,500$ -$ (56,500)-100.0% Senior Case Manager$ 59,860$ 63,300$ 70,700$ 73,200$ 2,5003.5% Overtime$ -$ -$ 1,000$ 1,000$ -0.0% Buyback$ -$ -$ -$ -$ -0.0% Grants/Offsets$ (87,924)$ (128,191)$ (149,516)$ (99,366)$ 50,150-33.5% Elder/Human Service Wages$ 214,949$ 194,366$ 270,684$ 257,534$ (13,150)-4.9% Recreation Administrator$ 58,441$ 86,482$ 91,900$ 95,200$ 3,3003.6% Recreation Coordinator$ 23,614$ 56,760$ 62,800$ 65,000$ 2,2003.5% Overtime$ -$ -$ -$ -$ -0.0% Grants/Offsets$ -$ (22,000)$ (22,000)$ -$ 22,0000.0% Buyback$ 1,808$ -$ -$ -$ -0.0% Recreation Wages$ 83,863$ 121,242$ 132,700$ 160,200$ 27,50020.7% Veteran's Service Officer$ 63,545$ 67,392$ 70,200$ 72,800$ 2,6003.7% Veteran's Service Wages$ 63,545$ 67,392$ 70,200$ 72,800$ 2,6003.7% Town of Reading49FY2026 Proposed Budget Town MeetingTown Manager% Community ServicesFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Elder/Human Services$ 6,950$ 32,339$ 50,000$ 51,700$ 1,7003.4% Recreation (Revolving Fund)$ -$ -$ -$ -$ -0.0% Veteran's Services$ 88,338$ 69,044$ 127,000$ 128,100$ 1,1000.9% Comm Services Expenses$ 95,288$ 101,383$ 177,000$ 179,800$ 2,8001.6% Community Organizations$ -$ 1,108$ -$ -$ - Meal Delivery$ 63$ 170$ 11,000$ 15,000$ 4,00036.4% Programs$ 2,419$ 7,679$ 13,000$ 13,000$ -0.0% Volunteer Support$ -$ 1,158$ 1,500$ 1,500$ -0.0% Other$ 4,468$ 22,223$ 24,500$ 22,200$ (2,300)-9.4% Elder/Human Service Expenses$ 6,950$ 32,339$ 50,000$ 51,700$ 1,7003.4% Recreation (Revolving Fund)$ -$ -$ -$ -$ -0.0% Recreation Expenses$ -$ -$ -$ -$ -0.0% Veteran's$ 88,338$ 69,044$ 127,000$ 128,100$ -0.9% Veteran's Expenses$ 88,338$ 69,044$ 127,000$ 128,100$ 1,1000.9% Community Services is dedicated to offering services, support,and programming to all individuals in the Town of Reading. We are budgeting to keep threepositions in Community Services that were offset by ARPA funds: Recreation Program Coordinator, Elder & Human Services Program Coordinator, and Volunteer Coordinator. These positions have provided high-qualityand expanded programming and, most importantly, cultivated meaningful community relationships. Elder & Human Services continues to see record growth. With the help of ARPA funding, the Program Coordinator has increasedthe number and quality of programs, offering over 200 programs in a fiscal year. The Program Coordinator has focused on diversity in offerings and has created new arts and culture, wellness, education, and fitness programs. This has allowed the Pleasant Street Center to reach more older adults in the community. The Volunteer Coordinator position started in December of 2024. This position has updated the volunteer application, handbook, and opportunity list in the past year. The role has been able to foster successful recruiting, training,and oversight of 43 volunteers that support various programs and initiatives while establishing valuable partnerships with local organizations such as North Shore Bank, Eastern Bank,Reading Rotary, Austin Prep, Wakefield High School, Reading High School, St. Johns Prep and Northeast Vocational School. This position has been responsible for revitalizing the Property Tax Worker Program, demonstrating proactive efforts to expand services and support the community. Finally, the Volunteer Coordinator has been assisting with grant writing and has been instrumental in innovatinga new Pleasantries brochure with the help of a graphic design volunteer. Town of Reading50FY2026 Proposed Budget Over several months, it was determined that there were crossovers with Health and Elder and HumanServices. Due to these duplicate efforts, leaders felt that a shared Public Health Nurse would foster better community engagement and unique collaboration. Therefore, the Public Health Nurse is now shared between Community Services (EHS) and Health,with direct oversight by the Health Director. This change was approved earlier in the year by the Select Board. The Public Health Nurse has allotted hours for each Department, with flexibility within the week to increase or decrease them to meet the needs of either department. The position will be funded by the Health Department, which will, in turn,help fund our partially funded ARPA positions in FY26. EHS requests that the Volunteer Coordinator be added as a permanent part-time position in the department. EHS is also asking for a slightincrease in FY26 since some expenses paid byARPA will disappear after December 2025. We wantto continue offering quality programs and meals at little to no cost to our 60+ community for as long as possible. Recreation continues to grow existing and new programming, garnering over 7,000 registrationsin FY24 with only two full-time staff, the Recreation Administrator and Recreation Coordinator. The Recreation Coordinator also provides additional programming at night and weekends for adults, including the 60+ population, and coordinatesintergenerational opportunities throughout the year. We are budgeting to keep this position full-time to continue offering quality programming whileexpanding more into adaptive/inclusive programming. Over the past couple of years, Recreation has worked with the YMCA, which was awarded ARPA funds for Therapeutic Recreational programming for all Reading residents, both in and out of the district, who have a disability. The YMCA has run several swimming programs for various ages. Recreation and the YMCA have also collaborated to offer off-site social events to the Red Sox, Celtics,and a Master Illusionist. They have relied on the Reading Public Schools Special Needs Department volunteers when available. In addition, the staff hasmet with professionals in the surrounding towns who have certified therapeutic recreation specialistson their teams running adaptive and/or inclusive recreational programs. The hope is to hire a part-time Therapeutic Recreation professional next Spring to develop a program in our Town. While the part-time position can be funded through the Recreation Revolving Fund, we thought it necessary to mention it in our budget report with hopes of fundinga full-time position in the future. Town of Reading51FY2026 Proposed Budget Veterans Services continues to be a safe placefor many Veterans. The Veterans Services Officer offers Scuttlebutt once a month for Reading Veterans, typically at the Senior Center, but also has coordinated a few off-site trips,which are well-likedand attended. Ceremonies on Memorial Day and Veterans Day have also seen good attendance. We hopeto ask for a part-time Administrative Assistant position in the Veterans Services in the future. Our VSO needs more assistance with scheduling,and more outreach can be done to find veterans who are in need and entitled to benefits. Veterans Services is asking for a small increase in expenses to allow our VSO to offer more programming to our Veterans andto use toward yearly ceremonies for Memorial Day and Veterans Day. Elder & Human Services Division Division Overview Reading Elder and Human Services offers a variety of programs and services to Reading residents of all ages. The center improved accessibility in FY25 by installing a new audio and visual system, continued with expanded programming, and worked on a feasibility study for the Reading Center for Active Living (RECAL). Some of the most popular Elder Services areCoach bus trips, Lunch & Learns, Bingo, Community Lunches, Special Events specifically around holidays,and various fitness programs. ARPA Funds have been encumbered for most programs and meals until the end of the Calendar year 2025. The staff is dedicated to assisting all community residents in livingactive, healthy lives. In addition, as the division enrollment grows due to the rise in the population of 60+, the need for additional space and staff should be a necessary pre-planned factor. Division Activities Programming Offerings in health, enrichment, exercise, events, trips, etc. Transportation Blood Pressure & Flu Clinics Social Services (Memory Caf é, Knox Box, Referrals, Hoarding Task Force, Adopt a Family) Reading Response (Lifeline, Medical Transportation, Adult Day Health) EHS Health Fair Liaison to COA Town of Reading52FY2026 Proposed Budget Division Highlights Total Interactions at the center 37,396 (7/1/2023 to 6/30/2024) 19,579 Program/Event Registrations 3,346 Rides (not including medicalrides with ATS) 413 Large Bus Trips Registrations Continued to offerARPA Funded Programs Lunch & Learns, Day Trips, Lectures, Fitness Programs, and Off-site events at Hillview to accommodate larger crowds Recreation Division Division Overview The mission of Reading Recreation is to provide the community with year-round recreational activities. The Division believes programs should be broad-based to meet the recreational needs of all population segments. The Recreation Division must continually strive to update and modify programs to meet the communitys needs. As Readings participation in and awareness of local recreational programs increases, so do expectations. The Recreation Division strives to be ready to anticipate and adapt to these expectations. Division Activities Programming for all agesincludessports, enrichment, special events, etc. Field & Amplified Use Permitting Parks & Fields Planning and Projects Liaison to the Recreation Committee & Friends of Reading Recreation Scholarship Awards th Division Highlights(FY24 July 1, 2023 June 30, 2024) 142 Different Program Offerings 6,454 Unique Individual Program Registrants for FY24 4,231 Ages 0-10 1,169 Ages 11-20 249 Ages 21-40 Town of Reading53FY2026 Proposed Budget 498 Ages 41-60 307 Ages 61+ 7360 Total Participants Total Program Registrations: 7,360 6824 Resident / 536 Non-Resident Turns back proceeds from revenue generated by Recreation Revolving Fund Community Engagement Downtown Trick or Treat, Letters to Santa Parks & Playground Projects Completion of Birch Meadow Phase I Start of Birch Meadow Phase II Barrows Field Improvement Hunt Field Improvement Veterans Services Division Overview The priority of the Veterans' Services Office is to aid and assist all veterans, their widows or spouses, and/or their dependent children in the Town of Reading through the Executive Office of Veterans Serviceswith short or long-term medical assistance, financial aid, assistance with state applications for veterans' benefits, and administration of veteran's benefits provided by the U.S. Department of Veterans Affairs.The mission is to support the Veterans residing in Reading by identifying veterans and their families in need of service and providing information and access to the services they are eligible forunder the law. Our current VSO has been here since June of 2022. He is an accredited National Service Officer through Veterans Affairs, which means he can process the claims on his own before sending them to Boston forreview. This enables him to help more Veterans promptlyand allows for more relationship-buildingwithin the community. Will is hoping to reach more veterans in Reading. Chapter 115 benefits are a crucial part of the VSO role, and they must be worked on every day to ensure the town receives its proper turnback of statefunding in the amount of 75%. He has also contactednearby communities to inquire about their Veterans Services staff. He has found that many towns are regionalized but have multiple VSOs and a full- time assistant to help. Also, right next door in Wilmington, there isa VSO and two full- time assistants to help file benefits. In the future, we hope to be able to add a part-time Town of Reading54FY2026 Proposed Budget Administrative Assistant for our VSO to provide appropriate support for our Reading Veterans and reach more veteranswho need assistance. Division Activities Discharge copies and requests for replacement Chapter 115, a public assistance program to eligible veterans and dependents VA Healthcare applicant assistance Tax exemptions Veterans license plates Homeless veteran referrals Employment initiatives Grave markers Disability for service-connected or non-service-connecteddisability VA Home Loans, Educational Assistance, Death Pensions Monthly Scuttlebutt Meet-ups and/or off-site trips Division Highlights Assisted over 300 Veterans this year Generated over $100,000 in Federal VA Benefits to Veterans and their surviving spouses Memorial Day and Veterans Day Ceremonies Donation of six service flags by Good Samaritan Masonic Lodge in Reading Scuttlebutt continues to be well-attended Town of Reading55FY2026 Proposed Budget Public Safety Department Overview Public Safety is comprised of three separate departments: Public Health Fire and Emergency Management Police o Coalition for Prevention & Support o Dispatch Town Meetings voteon these budgets as one bottom line each for wages and expenses. FY26Budget Summary The combined FY26 budgets show a 3.4% increase related to wage changes per bargaining agreements. Town MeetingTown Manager% DepartmentFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Public Health$ 367,036$ 335,464$ 457,000$ 485,900$ 28,9006.3% Fire/EMS$ 5,668,477$ 5,991,787$ 6,373,232$ 6,545,397$172,1652.7% Police$ 6,328,470$ 6,290,869$ 6,687,335$ 6,940,700$253,3653.8% Coalition$ 298,753$ 290,706$ 299,350$ 308,850$ 9,5003.2% Dispatch$ 602,343$ 695,782$ 759,500$ 789,200$ 29,7003.9% DEPARTMENT TOTAL$ 13,265,079$13,604,607$ 14,576,417$ 15,070,047$493,6303.4% Line J91 FY26Budget Public Safety Wages Town MeetingTown Manager% DepartmentFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Public Health$ 279,625$ 259,624$ 349,500$ 377,400$ 27,9008.0% Fire/EMS$ 5,463,688$ 5,786,347$ 6,162,036$ 6,316,439$154,4032.5% Police$ 6,022,430$ 5,974,279$ 6,361,835$ 6,566,700$204,8653.2% Coalition$ 235,213$ 225,956$ 257,600$ 267,100$ 9,5003.7% Dispatch $ 566,296$ 658,694$ 720,500$ 750,200$ 29,7004.1% DEPARTMENT WAGES$ 12,567,251$12,904,900$ 13,851,471$ 14,277,839$426,3683.1% Town of Reading56FY2026 Proposed Budget Line J92 FY26Budget Public Safety Expenses Town MeetingTown Manager% DepartmentFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Public Health$ 87,412$ 75,839$ 107,500$ 108,500$ 1,0000.9% Fire/EMS$ 204,789$ 205,441$ 211,196$ 228,958$ 17,7628.4% Police$ 306,040$ 316,590$ 325,500$ 374,000$ 48,50014.9% Coalition$ 63,540$ 64,750$ 41,750$ 41,750$ -0.0% Dispatch$ 36,047$ 37,088$ 39,000$ 39,000$ -0.0% DEPARTMENT EXPENSES$ 697,828$ 699,707$ 724,946$ 792,208$ 67,2629.3% Town of Reading57FY2026 Proposed Budget Public Health Department Overview The towns investment in the Public Health Department in the past few years has contributed immensely to its success and excellent health outcomes for our community. With competent leadership and an effective workforce, ourdepartment will continue to maximize opportunities to improve public health within Reading.We will continue to build our public health capacity and ensure that we meet the needs of our residents and the people we serve. Department Activities We are working to build a strong and coordinated collaboration with community partnersand other departments within our town governmentto ensure that our public health programs are effective. Our schools, places of worship, businesses, nonprofits, and health professionals are all partners who have a vital interest and role in maintaining a healthy Reading community. We will continue to improve our collaboration with emergency management, local officials, healthcare, and community partners to plan for and respond to emergencies, disasters, health hazards, disease outbreaks,and bioterrorism threats that can dramatically impact the health of our community. FY26Budget Summary The departments FY26 budget has increased by 6.3% compared to last year. This is primarily due to scheduled step increases and cost of living adjustments. In addition, the Public Health Nurse is now fully paid for by the Health Department. The position had been split between Health and Community Services in FY25. Town of Reading58FY2026 Proposed Budget Town MeetingTown Manager% Public HealthFY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Health Director$ 118,190$ 125,718$ 134,400$ 139,500$ 5,1003.8% Health Inspectors$ 65,243$ 60,309$ 70,700$ 78,500$ 7,80011.0% Health Nurse$ 63,159$ 8,245$ 77,500$ 93,000$ 15,50020.0% Support Staff$ 34,404$ 63,018$ 66,500$ 66,000$ (500)-0.8% Overtime$ 438$ 1,094$ 2,500$ 2,500$ -0.0% Health Buyback$ 291$ 3,341$ -$ -$ -0.0% Health Grants/Offsets$ (2,100)$ (2,100)$ (2,100)$ (2,100)$ -0.0% Health Services Wages$ 279,625$ 259,624$ 349,500$ 377,400$ 27,9008.0% Mosquito Control$ 44,050$ 45,028$ 46,000$ 48,000$ 2,0004.3% Animal Disposal$ 2,225$ 150$ 5,000$ 5,000$ -0.0% Regional Animal Control$ 15,325$ 18,150$ 25,000$ 25,000$ -0.0% Professional Services$ 18,969$ 8,051$ 20,500$ 20,500$ -0.0% Health Other$ 6,842$ 4,460$ 11,000$ 10,000$ (1,000)-9.1% Health Expenses$ 87,412$ 75,839$ 107,500$ 108,500$ 1,0000.9% Town of Reading59FY2026 Proposed Budget Fire/Emergency Medical Services Department Overview The Reading Fire Department is responsible for fire suppression, fire prevention, the emergency medical system, and emergency management. It also coordinates and appliestoall State and Federal disaster declaration reimbursements. The department offers Advanced Life Support (ALS) to benefitthe community's residents. The department is organized into four groups, each working two 24-hour shifts every eight days. Each day, the on-duty shift staffs two engines, a ladder truck, and an ambulance. Each group is supervised by a Captain, who is the shift commander. Captains are responsible for responding to emergencies, delivering services, training, scheduling, equipment maintenance, and routine fire prevention duties. The Lieutenants supervisethe West Side Fire Station and the Firefighters assigned there. The Lieutenants provide supervision, respond to emergencies, deliver servicesand training, oversee equipment maintenance, and perform routine fire prevention duties. Department Highlights Key Performance Data202220232024 Total Emergency Responses4,4564,6024,579 Emergency Medical Responses236625432506 Fire and Emergency Responses2,0902,0592,073 Mutual Aid Provided~289~304~299 Mutual Aid Received~316~357~315 Fire Inspections1000728667 Permits Issued901762698 Training Hours2,2406722,687 Permit Fees Received (Fiscal Year)$20,610 $20,400 $15,945 Ambulance Revenue Received (Fiscal Year)$801,966 $984,900 $950,322 ~Vehicle responses Grants in Progress: $5,700SAFE. This state programprovides funding to allow us to deliverfire safety instruction to children. $2,400Senior SAFE. This is a state program that provides funding to allow us to deliverfire safety instructionand assistanceto our elderly population. Town of Reading60FY2026 Proposed Budget $18,991FY 2025FirefighterSafetyEquipment Grant. This competitive state grant program provides funding forSafety equipment for Firefighters. Our grant funding will be used to provideprotective clothing for new Firefighters. $6,500FFY 2024 Emergency Management Performance Grant. We have received funding to provide training to Police and Fire Department supervisors that will improve coordination during a joint response to active violent and critical incidents. $93,016 FEMAAssistance to FirefightersGrant. This is a competitive Federal grant program. Our grant will provide funding for a department-wide incident command training program that meets important National Fire Protection Association and Occupational Health and Safety Administration Standards. This grant provides $84,560 in Federal funds and requires $8,456 in local matching funds. FY26Budget Summary The departments FY26 budget has increased by 2.42% compared to last year. There are no changes in the number of personnel. The expense budget has increased by 8.41%, and wages are up by 2.22%. The wage increaseis driven by union personnel moving through the step system perthe collective bargaining agreement. An increase inexpenses for$17,762 and 8.42% is requested. The reasons for the requested increase are in four areas: Equipment Maintenance ($2,000) due to inflationary increases; Ambulance Billing ($2,000) due to increased ambulance revenue; Professional Development ($8,000) for the local match for the Assistance to Firefighters Grant and other certification costs; andUniforms and Clothing ($5,762) due to the need to outfit new personnel in protective clothing and uniforms. Currently, the department has 52 full-time positions, and this number has not changed. Our requested budget consists of a Chief, Assistant Chief, one support staff, five Captains, eight Lieutenants, thirty-six Privates, and one support staff position shared with the Police department. One firefighter also works after hours as a part-time Fire Alarm Technician. In FY 25, we will have five Firefighters leave the Department. Four Firefighters will retire,and one has transferred to another Department. The hiring and trainingof replacement personnel havebeen pressured due to a smaller candidate pool and new personnel undergoing the initial fire academy training. Our initiative to place the shift commander in a car to increase emergency scene coordination and supervision has been successful. To build on this program,we applied for and received a Federal Assistance to Firefighters Grant to provide $93,016 in funding to allow us to deliver an incident command training program throughout Town of Reading61FY2026 Proposed Budget the Department. This program will focus on command and control and tactical decision-making. We aim to improve and standardize our incident management skills throughout the department and meet important National Fire Protection Association and Occupational Health and Safety Administration Standards. We believe this training program will increase life safety for our residents, visitors,and our firefighters. Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Fire Chief$ 184,743$ 201,571$ 212,500$ 190,000$ (22,500)-10.6% Assistant Fire Chief$ 127,826$ 166,108$ 177,400$ 174,500$ (2,900)-1.6% EMS Director$ 12,548$ 12,967$ 12,500$ 12,500$ -0.0% Support Staff$ 91,567$ 96,106$ 100,200$ 103,800$ 3,6003.6% Fire Alarm$ 7,901$ 8,250$ 20,000$ 20,000$ -0.0% Captains$ 662,757$ 680,238$ 723,000$ 748,100$ 25,1003.5% Lieutenants $ 441,555$ 904,638$ 951,000$ 992,200$ 41,2004.3% Firefighters $ 3,456,319$ 3,109,542$ 3,440,436$ 3,544,766$104,3303.0% Grant Offset$ -$ -$ -$ -$ -0.0% Overtime$ 464,068$ 560,804$ 525,000$ 530,573$ 5,573 Buyback$ 14,403$ 46,122$ -$ -$ -0.0% FIRE / EMS WAGES $ 5,463,688$ 5,786,347$ 6,162,036$ 6,316,439$154,4032.5% Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange ALS Medical Supplies $ 52,071$ 46,209$ 60,000$ 60,000$ -0.0% Ambulance Services$ 24,708$ 32,346$ 28,000$ 28,000$ -0.0% Billing Services$ 38,374$ 37,962$ 37,000$ 39,000$ 2,0005.4% Supplies and Equipment$ 1,707$ 1,559$ 3,500$ 3,500$ -0.0% Equipment Maintenance$ 14,921$ 10,337$ 17,000$ 19,000$ 2,00011.8% Miscellaneous$ 2,095$ 1,287$ 2,000$ 2,000$ -0.0% Office Supplies and Equipment$ 418$ 182$ 1,000$ 1,000$ -0.0% Professional Development$ 16,740$ 19,918$ 15,500$ 23,500$ 8,00051.6% Uniforms and Clothing$ 53,755$ 55,640$ 47,196$ 52,958$ 5,76212.2% FIRE /EMS EXPENSES $ 204,789$ 205,441$ 211,196$ 228,958$ 17,7628.4% Town of Reading62FY2026 Proposed Budget Police Department Overview The Reading Police Department is committed to providing the highest public safety and service to the community's residents, businesses, and visitors. The department is empowered to enforce the laws of the Commonwealth of Massachusetts and the Bylaws of theTown of Reading to ensure that the peace and tranquility of our neighborhoods are maintainedand that crime and the fear of crime are reduced. The department values integrity, honesty, impartiality, and professionalism from our members to create an environment that values difference and fosters fairness and flexibility in our approach to achieving our safety mission. The department encourages citizen input and interaction that will assist us in developing sound and sustainable partnerships between the community and the police force. Working together, we can enhance the quality of life for everyone in the town. Department Highlights We are fully staffed; however, we expecttworetirements in 2025 and will need to hire to replace those officers. One officer deployed for over a year is expected to return to duty at the end of January. We continued with our public outreach, holding 2 RAD (Womens Self-defense) classes, a Citizens Police Academy, an annual open house, and a bicycle helmet citation program, to name a few. Using drug forfeiture funds, the department purchased a drone and certified nine officers as operators. The drone was deployed to assist the fire department with the brush fires this past fall. This unit will assist with locating missing people and criminal suspects, as well as perimeter securityand other uses. We continue to focus on training with an emphasis on de-escalation training. FY26Budget Summary At the time of this report, we are fully staffed with 46 sworn officers, 11 civilian dispatchers, 3 administrative staff, 1 parking enforcement officer, 3 Coalition Staff members, and 15 per-diem school crossing guards. The most significantincrease to the expense budget is for parking enforcement software and equipment for the parking enforcement officer and the kiosks. We have Town of Reading63FY2026 Proposed Budget a slightincrease in the cruiser line to try and keep up with the rising costs of cruisers and equipment, a slightincrease to start replacingbatteries for our portable radios, uniforms, and equipment, and training cost increases. FY26Budget Police Wages Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Police Chief$ 200,132$ 209,801$ 218,600$ 227,100$ 8,5003.9% Deputy Police Chief$ 158,847$ 170,087$ 177,200$ 191,700$ 14,5008.2% Police Support Staff$ 162,545$ 169,445$ 176,600$ 183,000$ 6,4003.6% Parking Enforcement$ 33,993$ 40,082$ 47,500$ 49,200$ 1,7003.6% Animal Control$ 119,814$ 105,089$ 182,000$ 182,000$ -0.0% Crossing Guards$ 509,707$ 539,261$ 415,000$ 415,000$ -0.0% Lieutenants$ 642,336$ 602,226$ 650,000$ 665,300$ 15,3002.4% Sergeants$ 834,250$ 862,736$ 1,078,935$ 1,081,200$ 2,2650.2% Patrol Officers$ 2,406,454$ 2,462,630$ 2,582,500$ 2,695,100$112,6004.4% Detectives$ 722,125$ 654,440$ 786,000$ 829,600$ 43,6005.5% Training$ -$ -$ 2,500$ 2,500$ -0.0% Overtime$ 82,404$ 96,607$ 45,000$ 45,000$ -0.0% Fitness Stipend$ -$ -$ -$ -$ -0.0% Cell Monitors$ 149,823$ 61,876$ -$ -$ - Buyback$ -$ -$ -$ -$ -0.0% POLICE WAGES $ 6,022,430$ 5,974,279$ 6,361,835$ 6,566,700$204,8653.2% FY26Budget Police Expenses Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Police Cruisers$ 124,000$ 137,259$ 135,000$ 140,000$ 5,0003.7% Supplies and Equipment$ 41,696$ 42,323$ 38,000$ 38,000$ -0.0% Equipment Maintenance$ 35,860$ 33,219$ 40,000$ 41,000$ 1,0002.5% Miscellaneous$ 3,417$ 8,708$ 7,500$ 53,000$ 45,500606.7% Office Supplies, Equipment$ 31,951$ 18,901$ 24,500$ 19,000$ (5,500)-22.4% Professional Development$ 47,195$ 56,227$ 58,500$ 59,500$ 1,0001.7% Uniforms and Clothing$ 21,922$ 19,952$ 22,000$ 23,500$ 1,5006.8% POLICE EXPENSES $ 306,040$ 316,590$ 325,500$ 374,000$ 48,50014.9% Town of Reading64FY2026 Proposed Budget Coalition for Prevention and Support Department Overview The Reading Coalition for Prevention and Support continues working with community partners and residents to develop collaborative approaches and reduce youth substance abuse. The Coalition promotes a healthy community environment using a strategic prevention framework to ensure everyone who lives, works or goes to school in Reading can enjoy an optimum quality of life. FY26Budget Summary The Coalition expense budget is level-funded for FY26. Staff include a Director, an Outreach Coordinator, and a Public Safety Clinician. The Director oversees fiscal management, public relations, community planning, training, coalition communication, data collection, dissemination, reports, and program evaluation. The Outreach Coordinator disseminates educational information to individuals and groups. The Clinician meets with residents and students for brief therapeutic support and follows up on mental health calls for service. Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Coalition Director$ 59,675$ 40,316$ 64,200$ 66,600$ 2,4003.7% Clinician & Outreach$ 79,052$ 83,792$ 87,300$ 90,500$ 3,2003.7% Grant Offsets$ 96,485$ 101,849$ 106,100$ 110,000$ 3,9000.0% COALITION WAGES $ 235,213$ 225,956$ 257,600$ 267,100$ 9,5003.7% Mental Health Services$ 30,000$ 30,000$ 30,000$ 30,000$ -0.0% Programs$ 29,886$ 30,883$ 8,000$ 8,000$ -0.0% Supplies$ 3,531$ 3,387$ 3,250$ 3,250$ -0.0% Professional Development$ 123$ 480$ 500$ 500$ -0.0% Grant Offsets$ -$ -$ -$ -$ -0.0% COALITION EXPENSES $ 63,540$ 64,750$ 41,750$ 41,750$ -0.0% Town of Reading65FY2026 Proposed Budget Dispatch Dispatch Overview Dispatch provides outstanding Emergency Medical Dispatch, communications, and coordination for the community and first responders 24 hours a day, 365 days a year. Dispatch is in the Police department but provides 911 Call Management for Police, Fire/EMS, and regional emergencies as needed. FY26Budget Summary The expense budget for dispatch is level-funded for FY26. The Dispatch Center is staffed with ten civilian Telecommunicators and one civilian Head Dispatcher who oversees the administration of the division and works several shifts per week as a Telecommunicator. In addition to Town funding, we receive fundingfrom911 grants that are used to offset existing wages. This grant is not guaranteed and can be discontinued at any time but continues to increase with the use of cell phones. Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BudgetFY26 BudgetChangeChange Head Public Safety Dispatcher$ 542,836$ 572,034$ 633,100$ 674,300$ 41,2006.5% Public Safety Dispatchers$ 85,916$ 88,822$ 92,400$ 95,900$ 3,5003.8% Overtime$ 124,573$ 113,847$ 60,000$ 60,000$ -0.0% Dispatch Temp$ 1,812$ -$ -$ -$ - Buyback$ 1,058$ 1,008$ -$ -$ -0.0% E911 Grant Support$ (189,899)$ (117,016)$ (65,000)$ (80,000)$ (15,000)23.1% DISPATCHER WAGES $ 566,296$ 658,694$ 720,500$ 750,200$ 29,7004.1% Supplies and Equipment$ -$ -$ -$ -$ -0.0% Equipment Maintenance$ 12,102$ 13,881$ 13,500$ 13,500$ -0.0% Professional Services$ 4,998$ 2,235$ 5,000$ 5,000$ -0.0% Technology$ 7,432$ 14,038$ 12,000$ 12,000$ -0.0% Professional Development$ 5,057$ 4,694$ 6,000$ 6,000$ -0.0% Uniforms and Clothing$ 6,459$ 2,240$ 2,500$ 2,500$ -0.0% DISPATCHER EXPENSES $ 36,047$ 37,088$ 39,000$ 39,000$ -0.0% Town of Reading66FY2026 Proposed Budget Finance Department Department Overview The Finance Department maintainstimely andaccurate financial records on all financial activities of the Town. The Finance Department alsoadministers internal financial controls, facilitates the evaluation of the Towns financial condition, ensures that Town services are delivered in compliance with Massachusetts General Laws that govern municipal finance,and safeguards the financial assets of the Town. The Town Accountant also serves as the Chief Financial Officerand department head. FY26Budget Summary The Finance Departments budget increased by 3.0% compared to the previous year. Wages are +5.5% over the prior year. The Finance Department staff will receive one step, ranging between 2.35% and 2.50%, and 1.25% COLA. The primary reason for the more significant percentage increase is the addition of a full-time Treasury Analyst duringthe last six months of FY25. Before this, the Finance Department got part-time temporary help from an Operations Specialist. In FY26, the Operations Specialist position was eliminated fromthe Administrative Services department, and the $21,000 budgeted for the Operations Specialist was moved to the Finance Department to assist in funding the new Treasury Analyst position. In 2022, the Finance Department took full responsibility for the Towns budget. To do this, the CFO/Town Accountant redistributed work throughout the department so that she could devote time during budget season to this critical task. The Assistant CFO/Treasurer is the backup for the budget; however, her role has been more challenging, as delegating enough work to free up enough time to involve the Assistant CFO/Treasurer in all the budget compilation tasks proved difficult. In January 2024, a part-time, temporary position was hired to assist with cash reconciliations. This was very helpful, but it didnt free up enough of the Assistant CFOs time to get involved in the budget. When the temporary person left in September, the decision was made to request a full-time position to eliminate the vulnerability of having only one person familiar with all the budget work and timelines. Expenses are decreasing by 12.2%; most expense line items are level funded to the prior year except for the Regional Assessor contract, which is projected to decline by 21.2% in FY26. In FY25, our Regional Assessor was budgeted to be split between two communities (Wakefield and Reading). The Regional Assessor is now shared between Town of Reading67FY2026 Proposed Budget three communities, which decreases Readings share as the expense is now divided betweenWakefield, Reading, and Lynnfield. Town MeetingTown Manager% DivisionsFY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChangeChange Accounting$ 339,928$ 369,546$ 397,400$ 411,600$ 14,2003.6% Assessor$ 148,399$ 163,893$ 194,800$ 175,900$ (18,900)-9.7% Finance$ 507,223$ 563,087$ 645,950$ 687,700$ 41,7506.5% Department Total$ 995,550$ 1,096,526$ 1,238,150$ 1,275,200$ 37,0503.0% Department Highlights Provides support to Town, School, and Light departments. In-house payroll for approx. 1,300 employees biweekly; 9,401 quarterly property tax billing; 22,500 yearly bills -motor vehicle excise billing; 26,000 invoices processed and paid annually; 128,000 cash receipts processed yearly. Reconciliation of monthly health bills for 1,561 members by person to ensure accurate deductions and bills. Cash Management and Reconciliation for the Town, RMLD and Retirement Wires totaling $143 million and bank transfers totaling $533 million State and federal reporting including W-2s, 1099s, 1099Rs, 1095Cs, unemployment filings and quarterly 941s. Plan administration for nine 403B/457plans Tax Title management and Foreclosures Debt management and issuance AAA bond rating Income and employment verification Line I91 FY25Finance Wages Town MeetingTown Manager% DivisionsFY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChangeChange Accounting$ 337,290$ 365,694$ 391,700$ 405,900$ 14,2003.6% Assessor$ 72,055$ 81,252$ 77,900$ 80,500$ 2,6003.3% Finance$ 458,157$ 516,400$ 595,900$ 637,200$ 41,3006.9% Department Wages$ 867,502$ 963,346$ 1,065,500$ 1,123,600$ 58,1005.5% Town of Reading68FY2026 Proposed Budget Line I92 FY25Finance Expenses Town MeetingTown Manager% DivisionsFY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChangeChange Accounting$ 2,638$ 3,853$ 5,700$ 5,700$ -0.0% Assessor$ 76,344$ 82,641$ 116,900$ 95,400$ (21,500)-18.4% Finance$ 49,066$ 46,686$ 50,050$ 50,500$ 4500.9% Department Expenses$ 128,048$ 133,180$ 172,650$ 151,600$ (21,050)-12.2% Town of Reading69FY2026 Proposed Budget Accounting Division Division Overview This division is under the direction of the CFO/Town Accountant and is responsible for maintaining financial records for the Town, Schools,and Light Department. Accounting ensures that all financial transactions complywith legal requirements and are correctly recorded on time. The Accounting Division overseesbills paid by the Town,provides timely and accurate financial reporting services to Town Departments and other key stakeholders, and manages the Towns accounting system to conform to GAAP and complywith Massachusetts General Laws and Regulations. Division Activities Met all reporting requirements for Massachusetts DLS and Massachusetts DOR. Collaborated with the Chief Assessor on setting the annual tax rate set by the DOR. Prepared audit deliverables; maintained cleanaudit opinion from auditors. Provided budget oversight and assistance. Quarterly updates provided to the Select Board. 26,000 payments processed for Town, School, and RMLD. Review and update department policies. Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChangeChange CFO/Town Accountant$ 136,912$ 152,973$ 159,200$ 165,200$ 6,0003.8% Asst. Town Accountant$ 77,883$ 86,462$ 94,200$ 97,700$ 3,5003.7% Support Staff$ 119,555$ 119,568$ 130,300$ 135,000$ 4,7003.6% Budget Stipend$ -$ 4,615$ 5,000$ 5,000$ -0.0% Overtime$ 1,360$ 2,074$ 3,000$ 3,000$ -0.0% Buyback$ 1,579$ -$ -$ -$ -0.0% Division Wages$ 337,290$ 365,694$ 391,700$ 405,900$ 14,2003.6% Prof. Development$ 2,638$ 3,853$ 4,900$ 4,900$ -0.0% Office Supplies$ -$ -$ 800$ 800$ -0.0% Division Expenses$ 2,638$ 3,853$ 5,700$ 5,700$ -0.0% Town of Reading70FY2026 Proposed Budget Assessing Division Division Overview Under the law, the Assessment Division must assess all property at its full and fair market value as of January 1 of each year for taxation. This process is accomplished by maintaining and administrating all property tax data records. In addition, the department also administers motor vehicle excise tax, real and personal taxes and tax abatements, and all statutory tax exemptions as allowed by law. Property assessment is the first step in tax revenue collection for the Town of Reading. The Assessment Division provides fair and equitable assessment of all taxable real and personal property. A three-member Board of Assessors sets policy for this division. Mission Statement:The mission of the Reading Assessment Division is to provide fiscal stability promptly, reasonably, and equitably, determining the valuation of all real and personal property in the Town of Reading. Division Activities Advertised and administered the Senior Tax Relief program without additional staffing. Collaborated with the CFO/Town Accountant on the certification and setting of the annual tax rate. Administration of Statutory and Local Property Tax Exemptions. Provided online access to our property record database. Conducted a state-mandated interim revaluation of all properties. Reviewed and adjusted properties to reflect updated market conditions. Completed revaluation ofall personal property accounts and canvassed the town for new accounts. Maintained and updated all real estate and personal property tax records. Increase public awareness of exemptions through public meetings. Updated existing tax maps. Conducted ongoing sales verification. Implemented new and efficient office policies and procedures as required. Town of Reading71FY2026 Proposed Budget Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChangeChange Assistant Assessor$ 68,055$ 73,763$ 73,900$ 76,500$ 2,6003.5% Division Wages$ 68,055$ 73,763$ 73,900$ 76,500$ 2,6003.5% Regional Assessor$ 65,712$ 68,328$ 92,000$ 72,500$ (19,500)-21.2% Revaluation$ -$ -$ -$ -$ -0.0% Appraisals/Inspections$ 8,180$ 10,920$ 18,000$ 16,000$ (2,000)-11.1% Prof. Development$ 1,984$ 3,208$ 5,300$ 5,300$ -0.0% Supplies&Mileage$ 468$ 185$ 1,600$ 1,600$ -0.0% Division Expenses$ 76,344$ 82,641$ 116,900$ 95,400$ (21,500)-18.4% Town of Reading72FY2026 Proposed Budget General Finance Division Division Overview Collections collect all taxes and other charges (including water/sewer/stormwater bills). They also receive and process all deposits (such as those for schools and recreation). Treasury is responsible for providing the cash needed to operate all Town, School, and Light Department functions on a timely basis. It also conducts all borrowing and investing activities. Payroll for the Town, School, and RMLD departments are all processed in-house through this division. Division Activities AAA bond rating Cash management for Town/School, RMLD, and Retirement Processed biweekly payroll for approximately 1,300 employees 129,000 payments received and processed Compiled theTreasury Procedure Manual Debt management and issuance Reconcile health, Dental, and Life insurance Income and employment verifications Administration of nine 403B/457 plans State and federal reporting, including W-2s, 1099s, 1099Rs, 1095Cs, unemployment reporting and quarterly 941 reporting Town of Reading73FY2026 Proposed Budget Town MeetingTown Manager% FY23 ActualFY24 ActualFY25 BUDGETFY26 BudgetChangeChange Treasurer/Asst. CFO$ 115,990$ 123,382$ 131,600$ 136,500$ 4,9003.7% Assistant Treasurer$ 75,371$ 82,337$ 90,000$ 93,000$ 3,0003.3% Treasury Analyst$ -$ -$ 60,000$ 88,800$ 28,80048.0% Collector$ 82,430$ 94,134$ 96,500$ 93,200$ (3,300)-3.4% Support Staff$ 172,795$ 200,869$ 212,300$ 220,200$ 7,9003.7% Asst Treasurer Stipend$ 3,115$ 3,000$ 3,000$ 3,000$ -0.0% Overtime$ -$ 360$ 2,500$ 2,500$ -0.0% Buyback$ 8,456$ 12,319$ -$ -$ -0.0% Division Wages$ 458,157$ 516,400$ 595,900$ 637,200$ 41,3006.9% Printing Services$ 14,156$ 25,181$ 17,500$ 17,500$ -0.0% Banking Services$ 4,336$ 5,143$ 11,600$ 11,600$ -0.0% Tax Title Services$ 20,905$ 5,670$ 8,500$ 8,500$ -0.0% Prof. Development$ 3,026$ 3,868$ 6,150$ 6,400$ 2504.1% Office Supplies$ 6,643$ 6,825$ 6,300$ 6,500$ 2003.2% Division Expenses$ 49,066$ 46,686$ 50,050$ 50,500$ 4500.9% Town of Reading74FY2026 Proposed Budget Department of Public Works Department Overview The Public Works Department is responsible for all endeavors relating to planning, designing, operating, maintaining, and managing public ways, parklands, open space, public grounds, town cemeteries, water distribution systems, sewer collection systems, and the collection and disposal of solid waste. The Department also provides engineering support services and motor equipment maintenance services to all town and school departments. The Department of Public Works comprises several divisions: administration, engineering, highway and equipment maintenance, stormwater (not the enterprise fund), parks and cemetery, and forestry. The Department also includes three Enterprise Funds (Water, Sewer, and Stormwater). FY26Budget Summary The Department of Public Works FY26 budget increased by .9%. Full-time staffing positions remain unchanged. Department Highlights Received grants from several agencies including: MIIA: Automated Risk Management Grant ($9.5K) o Electric Vehicle Maintenance Course; New headsets for Forestry Division DCR: FY25 Community Woodland Grant ($10K) o Removal of dead red pine trees in Town Forest, Phase 4 MassDEP: Sustainable Materials Recovery Program: ($4,550) Department Milestones: Completion of Auburn Street water tank. Completion of Gazebo Circle water booster station. Completion of Maillet Somes Morgan stormwater project. Completion of Downtown traffic signal improvements funded through MassDOT Local Bottleneck Reduction Program. Completion of Auburn Streetand Parkview Avenuesidewalks and curbing improvements funded through the MassDOT Complete Streets Program. Tree City USAfor the 39th consecutive year. Town of Reading75FY2026 Proposed Budget Planted 101 shade trees. 365 trees trimmed. 163 trees removed (44 Ash trees). 25,177 cars visited the Compost Center. 20,000 Holiday Lighting bulbs. 4.7 miles of roads resurfaced. Over 0.5 miles of sidewalk resurfaced. Over 175 Dig Safe mark outs. 200+ repairs/services for Town/School vehicles. Completed NPDES annual permit assessment. Maintained: 111 miles of water main. 7,866 residential, 240 commercial and 71 municipal water connections. 75 miles of traffic markings. 80 acres of grass and 16 tennis/basketball courts. 3,000 catch basins. 70 miles of the Towns drainage pipes. 12 sewer pump stations. FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Administration$ 449,075$ 512,468$ 486,400$ 502,500$ 16,1003.3% Engineering$ 564,378$ 455,968$ 558,700$ 610,100$ 51,4009.2% Highway & Equipment$ 1,627,702$ 1,668,499$ 1,846,300$ 1,914,695$ 68,3953.7% Storm Water (Genl Fund)$ 114,130$ 140,291$ 177,300$ 178,200$ 9000.5% Forestry*$ 314,665$ 359,427$ 604,300$ 481,250$(123,050)-20.4% Parks & Cemetery*$ 552,149$ 645,706$ 712,100$ 737,040$ 24,9403.5% DPW OPERATIONS TOTALS$ 3,622,100$ 3,782,359$ 4,385,100$ 4,423,785$ 38,6850.9% Snow/Ice$ 697,618$ 609,951$ 675,000$ 675,000$ -0.0% Traffic/Street Lighting$ 101,476$ 101,780$ 135,000$ 135,000$ -0.0% Rubbish & Recycling$ 1,814,183$ 1,886,901$ 2,141,278$ 2,200,041$ 58,7632.7% SNOW/LIGHT/RUBBISH TOTALS$ 2,613,277$ 2,598,632$ 2,951,278$ 3,010,041$ 58,7632.0% DEPARTMENT TOTALS$ 6,235,376$ 6,380,991$ 7,336,378$ 7,433,826$ 97,4481.3% Town of Reading76FY2026 Proposed Budget Line K91 FY26Public Works Wages FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Administration$ 432,079$ 493,912$ 467,900$ 482,500$ 14,6003.1% Engineering$ 484,583$ 434,045$ 504,700$ 546,100$ 41,4008.2% Highway & Equipment$ 889,825$ 931,888$ 1,031,500$ 1,086,800$ 55,3005.4% Storm Water (GenlFd)$ 112,387$ 137,984$ 174,300$ 175,200$ 9000.5% Forestry*$ 256,589$ 295,357$ 382,300$ 401,250$ 18,9505.0% Parks & Cemetery*$ 519,059$ 601,786$ 659,000$ 683,800$ 24,8003.8% DPW OPERATIONS WAGES$ 2,694,522$ 2,894,971$ 3,219,700$ 3,375,650$ 155,9504.8% Snow/Ice$ 177,325$ 141,466$ 130,000$ 135,000$ 5,0003.8% Traffic/Street Lighting$ -$ -$ -$ -$ -0.0% Rubbish & Recycling$ -$ -$ -$ -$ -0.0% SNOW/LIGHT/RUBBISH WAGES$ 177,325$ 141,466$ 130,000$ 135,000$ 5,0003.8% DEPARTMENT WAGES$ 2,871,847$ 3,036,438$ 3,349,700$ 3,510,650$ 160,9504.8% ΫĭŷğƓŭĻ źƓ ŭƩƚǒƦźƓŭ ŅƩƚƒ ƦƩĻǝźƚǒƭ ǤĻğƩƭ Line K92 FY25 Public Works Expenses FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Administration$ 16,996$ 18,556$ 18,500$ 20,000$ 1,5008.1% Engineering$ 79,795$ 21,924$ 54,000$ 64,000$ 10,00018.5% Highway & Equipment$ 737,876$ 736,612$ 814,800$ 827,895$ 13,0951.6% Storm Water (GenlFd)$ 1,744$ 2,307$ 3,000$ 3,000$ -0.0% Forestry*$ 58,076$ 64,069$ 222,000$ 80,000$(142,000)-64.0% Parks & Cemetery*$ 33,090$ 43,920$ 53,100$ 53,240$ 1400.3% DPW OPERATIONS EXPENSES$ 927,578$ 887,388$ 1,165,400$ 1,048,135$(117,265)-10.1% Snow/Ice$ 520,293$ 468,485$ 545,000$ 540,000$ (5,000)-0.9% Traffic/Street Lighting$ 101,476$ 101,780$ 135,000$ 135,000$ -0.0% Rubbish & Recycling$ 1,814,183$ 1,886,901$ 2,141,278$ 2,200,041$ 58,7632.7% SNOW/LIGHT/RUBBISH EXP.$ 2,435,951$ 2,457,165$ 2,821,278$ 2,875,041$ 53,7631.9% DEPARTMENT EXPENSES$ 3,363,529$ 3,344,553$ 3,986,678$ 3,923,176$ (63,502)-1.6% ΫĭŷğƓŭĻ źƓ ŭƩƚǒƦźƓŭ ŅƩƚƒ ƦƩĻǝźƚǒƭ ǤĻğƩƭ Line K93 Snow & Ice; Line K94 Traffic/Street Lighting; Line K95 Rubbish & Recycling Snow and Ice Funding is level-fundedand meant to fund below the average year since, by law, funding can never be reduced in future years. This is the only budget line where deficit spending is allowed by law during difficult years,and overfunding would be an opportunity cost for other needs. Town of Reading77FY2026 Proposed Budget Traffic and Street Lighting arelevel funded. The Town continues to work with RMLD on efficiency improvements. The town signed a five-year rubbish disposal contract with Covanta (now Re-World) that expires June 30, 2025. The town is currently obtaining pricing for a subsequent agreement that will commence on July 1, 2025. The Town has negotiated the next contract to show savings in FY26, which will go up no more than 4% yearly.Although the Select Board has not formally accepted this contract, these figures were incorporated into the budget. In 2016, the town signed a 10-year contract with JRM (now Republic Services) for Rubbish and Recycling collection at a +3% annual charge. The contract includes bulk pickup, leaf collections, rigid plastics events, metal collection, and paper shredding, whichexpires on June 30, 2026. FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Snow and Ice Regular Wages$ 28,746$ 34,948$ 30,000$ 35,000$ 5,00016.7% Snow and Ice Overtime$ 148,579$ 106,518$ 100,000$ 100,000$ -0.0% SNOW AND ICE WAGES$ 177,325$ 141,466$ 130,000$ 135,000$ 5,0003.8% Snow / Ice Plowing & Hauling $ 79,527$ 130,454$ 215,000$ 215,000$ -0.0% Snow / Ice Supplies/Equip.$ 325,443$ 202,367$ 250,000$ 235,000$ (15,000)-6.0% Snow / Ice Fuel$ 71,826$ 52,357$ 45,000$ 55,000$ 10,00022.2% Snow & Ice Meal Tickets $ 8,997$ 8,940$ 10,000$ 10,000$ -0.0% Snow / Ice Police Details $ -$ 2,367$ 10,000$ 10,000$ -0.0% Street Sweeping $ 34,500$ 72,000$ 15,000$ 15,000$ -0.0% SNOW AND ICE EXPENSES$ 520,293$ 468,485$ 545,000$ 540,000$ (5,000)-0.9% SNOW AND ICE$ 697,618$ 609,951$ 675,000$ 675,000$ -0.0% Traffic Light Electricity $ 5,405$ 5,890$ 10,000$ 10,000$ -0.0% Streetlight Electricity $ 95,647$ 95,477$ 105,000$ 105,000$ -0.0% Street Light Maint. & Repair $ 424$ 413$ 20,000$ 20,000$ -0.0% TRAFFIC/STR LIGHT$ 101,476$ 101,780$ 135,000$ 135,000$ -0.0% Rubbish Collection$ 797,868$ 827,846$ 992,450$ 1,055,544$ 63,0946.4% Solid Waste Disposal$ 638,514$ 666,483$ 715,078$ 654,217$ (60,861)-8.5% Curbside Recycling $ 343,728$ 352,556$ 355,350$ 402,472$ 47,12213.3% Misc. Recycling $ 34,073$ 40,016$ 78,400$ 87,808$ 9,40812.0% RUBBISH/RECYCLING$ 1,814,183$ 1,886,901$ 2,141,278$ 2,200,041$ 58,7632.7% Town of Reading78FY2026 Proposed Budget DPW Administration Division Overview The Administration Division is responsible for DPW payroll, invoice payment, cemetery administration, engineering support services, DPW dispatch, water conservation rebate program, quarterly newsletters to residents, and spring and fall mailers for recycling events. FY26Budget Summary The staffing levelremains unchanged. Professional Development was increased, as this expense covers all professional development for all Public Works divisions funded through the General Fund. Division Activities Three Household Hazardous Waste collection days Two events for paper shredding, rigid plastic, and metals pickup Five Town-wide leaf pickups Styrofoam and electronics recycling program Water Conservation Program Waste Zero (Simple Recycling Program) Black Earth Composting Program Quarterly newsletters to residents Spring and Fall mailer to residents Mattress Recycling Program FY25 BudgetFY26 BudgetFY25-26FY25-26 DPW AdministrationFY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change DPW Director$ 138,694$ 204,695$ 137,100$ 142,400$ 5,3003.9% Assistant DPW Director$ 110,157$ 71,242$ 122,100$ 123,700$ 1,6001.3% Support Staff$ 182,979$ 189,630$ 206,700$ 214,400$ 7,7003.7% Overtime$ 248$ 413$ 2,000$ 2,000$ -0.0% Buyback$ -$ 27,932$ -$ -$ -0.0% DIVISION WAGES$ 432,079$ 493,912$ 467,900$ 482,500$ 14,6003.1% Advertising$ 4,659$ 3,851$ 2,500$ 2,500$ -0.0% Supplies and Equipment$ 9,744$ 4,519$ 8,000$ 8,000$ -0.0% Professional Development$ 2,593$ 10,186$ 8,000$ 9,500$ 1,50018.8% DIVISION EXPENSES$ 16,996$ 18,556$ 18,500$ 20,000$ 1,5008.1% Town of Reading79FY2026 Proposed Budget Engineering Division Division Overview The Engineering division is responsible forpreparing plans, specifications, estimates, survey layout, inspection and supervision of town construction projects, reviewing site plans for accuracy/conformance with subdivision regulations, reviewing Conservation submittals, maintaining all traffic markings/signals, and issuing/complying with utility, street opening, Jackies law permits, and Dig Safe mark outs. FY26Budget Summary Staffinglevelsremain unchanged. Increases in wages follow contractual obligations. Expenses for traffic control repairs and police details were both increased. Division Activities Annual Road Paving: Approximately 4.7 miles of roadway resurfaced Line Painting NPDES Annual Permit FY25 BudgetFY26 BudgetFY25-26FY25-26 EngineeringFY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Town Engineer$ 119,424$ 124,114$ 129,600$ 137,000$ 7,4005.7% Asst. Town Engineer$ -$ -$ -$ 109,000$ 109,000 Senior/Civil Engineers$ 263,139$ 213,500$ 276,200$ 193,900$ (82,300)-29.8% Field Tech/Surveyor$ 81,518$ 82,722$ 86,400$ 91,500$ 5,1005.9% Overtime$ 8,693$ 13,245$ 12,000$ 14,000$ 2,00016.7% Out of Grade$ 375$ 465$ 500$ 700$ 20040.0% Buyback$ 11,434$ -$ -$ -$ -0.0% DIVISION WAGES$ 484,583$ 434,045$ 504,700$ 546,100$ 41,2008.2% Traffic Control Repairs $ 16,571$ 27,087$ 25,000$ 30,000$ 5,00020.0% Professional Services$ 50,460$ (17,835)$ 3,000$ 3,000$ -0.0% Supplies and Equipment$ 7,447$ 7,867$ 14,000$ 14,000$ -0.0% Police Details$ 5,318$ 4,804$ 12,000$ 17,000$ 5,00041.7% DIVISION EXPENSES$ 79,795$ 21,924$ 54,000$ 64,000$ 10,00018.5% Town of Reading80FY2026 Proposed Budget Highway Division Division Overview The Highway Division is responsible for street maintenance, catch basin repair, roadside cutting, sidewalks, street signs,and potholes. This Division also repairs and services over 200 pieces of equipment for Town and School departments. FY26Budget Summary While staffing levels remain unchanged, salaries are increasing due to contractual obligations. Police details, equipment maintenance,and fuel expenses were all increased. Division Activities Street sweeping, signage, and tree lawn repair Repairs and cleaning of over 3,000 catch basins Roadside cutting Sidewalk/curbing maintenance and installation Street maintenance, pothole repair Repairs and services for over 200 pieces of equipment Town-wide Oversight of rubbish and recycling, including the rubbish and recycling cart rollout in April 2025 Town of Reading81FY2026 Proposed Budget FY25 BudgetFY26 BudgetFY25-26FY25-26 Highway & EquipmentFY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Highway/St. Water Supervisor$ 75,012$ 77,659$ 81,100$ 85,700$ 4,6005.7% Managing/Working Foreperson$ 180,407$ 199,948$ 216,300$ 229,200$ 12,9006.0% Senior/Junior Operators$ 225,940$ 258,431$ 360,400$ 318,300$ (42,100)-11.7% Laborers$ 111,622$ 52,282$ -$ 53,400$ 53,4000.0% Mechanics$ 215,006$ 253,206$ 292,700$ 309,200$ 16,5005.6% Out of Grade$ 512$ 2,322$ 6,000$ 6,000$ -0.0% Overtime/On Call$ 76,717$ 88,039$ 75,000$ 85,000$ 10,00013.3% Buyback$ 4,609$ -$ -$ -$ -0.0% DIVISION WAGES$ 889,825$ 931,888$ 1,031,500$ 1,086,800$ 55,3005.4% Equipment Parts & Maint.$ 244,613$ 241,949$ 235,000$ 238,000$ 3,0001.3% Outsourced Repairs$ 133,414$ 128,111$ 150,000$ 150,000$ -0.0% Fuel$ 211,858$ 171,979$ 230,000$ 235,000$ 5,0002.2% Line Painting$ 64,221$ 86,907$ 90,000$ 90,000$ -0.0% Road and Sidewalk Repairs$ 42,472$ 54,432$ 55,000$ 55,000$ -0.0% Supplies and Equipment$ 21,508$ 26,119$ 24,000$ 24,000$ -0.0% Outsourced Services$ 2,755$ 2,110$ 10,000$ 10,000$ -0.0% Police Details$ 12,404$ 20,580$ 16,000$ 21,000$ 5,00031.3% Utilities/Licenses$ 4,631$ 4,425$ 4,800$ 4,895$ 952.0% DIVISION EXPENSES$ 737,876$ 736,612$ 814,800$ 827,895$ 13,0951.6% Town of Reading82FY2026 Proposed Budget Storm Water Division Division Overview This division contains all the Town's stormwater-related work before creating the Enterprise Fund. FY26Budget Summary Note that both the Supervisor position, a Foreperson position,and a Mechanics position are shared with the Highway division. Staffing levels remain unchanged; salariesare increasing due to contractual obligations. Expenses are level funded. Division Activities Please see the Storm Water Enterprise Fund for a complete summary of work done in this area. FY25 BudgetFY26 BudgetFY25-26FY25-26 Storm Water (GF)FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Highway/St. Water Supervisor$ 18,767$ 19,415$ 20,300$ 21,500$ 1,2005.9% Managing/Working Foreperson$ 15,017$ 15,230$ 16,200$ 17,000$ 8004.9% Senior/Junior Operators$ 64,390$ 57,495$ 71,800$ 66,500$ (5,300)-7.4% Laborers$ -$ 31,430$ 49,800$ 53,400$ 3,6007.2% Mechanics$ 6,551$ 7,018$ 7,700$ 8,300$ 6007.8% Out of Grade$ -$ -$ 1,500$ 1,500$ -0.0% Overtime/On Call$ 7,397$ 5,231$ 7,000$ 7,000$ -0.0% Buyback$ 265$ 2,166$ -$ -$ -0.0% DIVISION WAGES$ 112,387$ 137,984$ 174,300$ 175,200$ 9000.5% Supplies and Equipment$ 1,744$ 2,307$ 3,000$ 3,000$ -0.0% DIVISION EXPENSES$ 1,744$ 2,307$ 3,000$ 3,000$ -0.0% Town of Reading83FY2026 Proposed Budget Forestry Division Division Overview The Forestry Division is responsible for maintaining all trees on public grounds and within the public right-of-way along streets and easements. It assistsConservation with tree maintenance in various resource areas. FY26Budget Summary Staffinglevelsremain unchanged. Increases in wages follow contractual obligations. Police details, stump/brush disposal, and shade tree purchases increased. The reduction in Prof. Services and Repairs was due to special project funding approved in FY25 for dead tree removal / invasive plant management in the Town Forest. Division Activities Oversight of all town trees: planting, trimming, and removal. In 2024, 101 trees were planted by Town staff as street trees and in parks, schools, and cemeteries. There were 365 trees trimmed and 163 tree removals (44 Ash Trees). The Division is also responsible for all Holiday lighting on the Town Common(over 20,000 bulbs). FY25 BudgetFY26 BudgetFY25-26FY25-26 Forestry*FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Pks./Frst. Cem. Supervisor$ 48,262$ 49,993$ 52,200$ 55,200$ 3,0005.7% Managing/Working Foreperson$ 103,893$ 83,283$ 162,000$ 161,800$ (200)-0.1% Senior/Junior Opers/Tr. Clmbr.$ 68,131$ 131,914$ 143,600$ 151,000$ 7,4005.2% Laborers$ -$ -$ -$ -$ -0.0% Seasonal Staff$ 18,657$ -$ -$ -$ -0.0% Out of Grade$ 204$ 300$ 3,250$ 3,250$ -100.0% Overtime/On Call$ 16,909$ 29,867$ 21,250$ 30,000$ 8,75041.2% Buyback$ 533$ -$ -$ -$ -0.0% DIVISION WAGES$ 256,589$ 295,357$ 382,300$ 401,250$ 18,9505.0% Supplies and Equipment$ 10,600$ 7,466$ 13,500$ 13,500$ -0.0% Prof. Svc. and Repairs$ 13,017$ 18,080$ 172,000$ 22,000$(150,000)-87.2% Shade Trees$ 17,959$ 18,164$ 16,000$ 17,000$ 1,0006.3% Stump/Brush Disposal$ 7,500$ 9,700$ 12,000$ 14,000$ 2,00016.7% Police Details$ 6,816$ 8,251$ 7,000$ 12,000$ 5,00071.4% Utilities/Licenses$ 2,184$ 2,409$ 1,500$ 1,500$ -0.0% Revolving Fund Support$ -$ -$ -$ -$ -0.0% DIVISION EXPENSES$ 58,076$ 64,069$ 222,000$ 80,000$(142,000)-64.0% ΫtğƩƉƭ ƒƚǝĻķ źƓ ǞźƷŷ /ĻƒĻƷĻƩǤ Town of Reading84FY2026 Proposed Budget Parks/Cemetery Division Division Overview The Parks/Cemetery Division operates four town-owned cemeteriesandvarious Parks, which consist of 80 acres of grassed area throughout town, 16 tennis and basketball courts, 11 tot lots, 6 skating rinks, and 13 ballfields. FY26 Budget Summary Staffinglevelsremain unchanged. Increases in wages follow contractual obligations. The Supervisor position is shared between the Parks/Cemetery and Forestry Divisions. The Managing Foreperson and the Working Foreperson positions are shared between Parks and Cemetery. A Veterans Trust Fund supports annual flowers for Memorial Day. Trust fund support also pays a portion of seasonal wages. Division Activities Funeral Arrangements (16,121 total burials); 124 Interments; 36 Lot sales Grounds maintenance (51 acres) Set Markers/Set foundations for headstones Record keeping Assist with Memorial Day preparations Oversight of the Compost Center FY25 BudgetFY26 BudgetFY25-26FY25-26 Parks/Cemetery*FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Pks./Frst. Cem. Supervisor$ 48,318$ 49,993$ 52,200$ 55,200$ 3,0005.7% Managing/Working Foreperson$ 142,114$ 148,264$ 157,900$ 166,100$ 8,2005.2% Senior/Junior Opers/Tr. Clmbr.$ 276,564$ 318,151$ 417,600$ 381,900$ (35,700)-8.5% Laborers$ 132,515$ 55,324$ 52,300$ 101,600$ 49,30094.3% Seasonal Staff$ 12,986$ 19,855$ 61,500$ 61,500$ -0.0% Overtime$ 46,563$ 49,689$ 37,500$ 37,500$ -0.0% Buyback$ -$ 510$ -$ -$ -0.0% Revolving Fund Support$ (140,000)$ (40,000)$ (120,000)$ (120,000)$ -0.0% DIVISION WAGES$ 519,059$ 601,786$ 659,000$ 683,800$ 24,8003.8% Supplies and Equipment$ 33,737$ 31,636$ 36,000$ 36,000$ -0.0% Repairs$ 11,541$ 3,562$ 14,000$ 14,000$ -0.0% Lot Repurchase$ -$ 12,100$ 2,000$ 2,000$ -0.0% Fuel$ 7,706$ 7,571$ 10,000$ 10,000$ -0.0% Utilities/Licenses$ 9,106$ 9,051$ 11,100$ 11,240$ 1401.3% Veterans Flowers$ -$ -$ 4,700$ 4,700$ -0.0% Trust/Revolving Fund Support$ (29,000)$ (20,000)$ (24,700)$ (24,700)$ -0.0% DIVISION EXPENSES$ 33,090$ 43,920$ 53,100$ 53,240$ 1400.3% Town of Reading85FY2026 Proposed Budget Reading Public Library Department Overview FY26 will be the first of a new five-year strategic plan. The plan, available at readingpl.org, has three areas of focus: Customer Convenience and Accessibility Community Learning and Engagement, The Library as Space and Place The strategic plan foundations are the Librarys Vision, Mission, and Core Values: Vision Evolving together to strengthen communication, equity, collaboration, and learning. Mission Building Community, Creating Connections. Reading Public Librarys mission is to connect all people with opportunities to grow and learn and to provide resources to support a welcoming and engaged community. Core Values Education: To help all people reach their full potential. Equity:Ensuring everyone has the opportunity and support to participate fully in society while maintaining their authentic identities. Access:Providing open access and reducing barriers to services and resources. Accountability:Sharing collective responsibility for addressing challenges and building a just community. Town of Reading86FY2026 Proposed Budget FY26Budget Summary(+3.6%) The Board of Trustees recommends an overall increase of 3.6% in salaries and expenses. The primary drivers for this budget: Employee retention through Step + 1.25% COLA increase for non-union salaries Maintaining certification and eligibility for State Aid Support of Town-wide Diversity, Equity, and Inclusion efforts FY25 BudgetFY26 BudgetFY25-26FY25-26 DivisionsFY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Administration$ 837,326$ 853,784$ 895,300$ 935,300$ 40,0004.5% Public Services$ 647,893$ 671,628$ 779,400$ 787,400$ 8,0001.0% Collection Services$ 488,271$ 528,987$ 506,450$ 537,350$ 30,9006.1% LIBRARY TOTALS$ 1,973,490$ 2,054,399$ 2,181,150$ 2,260,050$ 78,9003.6% Department Highlights In FY24, the Library was open for52 weeks for 3,602hours. This includes 64 hours a week from October to May and 60 hours from June through September. Including staffing the half-day on Sundays, the Library averages 25 FTE. These dedicated employees provide in-person services at four public desks across three floors of a 38,000 SF building. Additional services include reference, research support,basic onsite and virtual services, and collections instruction. The library averages over 14,000 visitors monthly. In addition to being a welcoming space for studying, work, and leisure reading, visitors attended over 700programs in FY24.These programs ranged from intimate one-to-one genealogy sessions to large community cultural events, including the annual Dr. Martin Luther King, Jr. Day celebration and the third annual Juneteenth Freedom Festival. The Library provides physical and online resources for individuals of all ages, abilities, and interests. This includes reading, watching, and listening to content in various media, including print, downloads, and streaming. Other virtual learning services include free online tutoring, standardized and professional certification test preparation, and language learning. In FY24, the physical and digital collections had over half a million uses, 342,198physical circulations, and 194,476electronic content interactions. Town of Reading87FY2026 Proposed Budget Library WagesL91 (+3.2%)and Library ExpensesL92 (+5.4%) FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Administration$ 437,876$ 446,909$ 468,400$ 485,300$ 16,9003.6% Public Services$ 647,893$ 671,628$ 779,400$ 787,400$ 8,0001.0% Collection Services$ 488,271$ 528,987$ 506,450$ 537,350$ 30,9006.1% LIBRARY WAGES$ 1,574,040$ 1,647,524$ 1,754,250$ 1,810,050$ 55,8003.2% Administration$ 399,450$ 406,875$ 426,900$ 450,000$ 23,1005.4% Public Services$ -$ -$ -$ -$ -0.0% Collection Services$ -$ -$ -$ -$ -0.0% LIBRARY EXPENSES$ 399,450$ 406,875$ 426,900$ 450,000$ 23,1005.4% Salaries account for 80% of the Library budget. Our employees are our greatest asset, and the FY26salary budget request includes a Step + 1.25% COLA. The overall salary increase is +3.2%. All Library staff are non-union. Existing expense lines increase by +1.4%. However, a new expense line for the Office of Equity brings L92's change to +5.4 %. New Budget: Office of Equity Expenses($17,000)* The Office of Equity works to make Reading welcoming for all residents but operates with one staff member, the Director. This structure limits the implementation of the 2023 DEI Assessment recommendations and creates program delivery risks. The requested funds would support program coordination, training, data collection, and materials development. This investment will expand the office's capacity to serve employees and residents while reducing institutional risks from staff burnout and delayed initiatives. Beyond direct benefits like improved cultural competency and service accessibility, this funding can reduce costs through lower turnover, fewer discrimination claims, and more efficient operations. The investment strengthens Reading's commitment to servingall community members. *$6500 of existing funds transferred from Programs, $10,500 new funds. Town of Reading88FY2026 Proposed Budget Administration Division The Administration Division overseesthe Library's overall management, finance, communications, and strategic planning functions.This budget reflects the Office of Equity as part of the Administration Division. The Office of Equity is an inward and outward-facing position that works with Town departments and the Reading community to foster a culture of diversity, belonging, and inclusion. SALARIES(+3.6%) The Administration budget includes expectedincreases and adjustments for the Administrative Assistant and the Director for Equity. FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Library Director $ 116,315$ 120,764$ 126,000$ 130,800$ 4,8003.8% Library Assistant Director $ 82,352$ 90,422$ 94,300$ 97,900$ 3,6003.8% Dir of Equity & Social Justice$ 78,813$ 71,166$ 92,300$ 95,600$ 3,3003.6% Communications Specialist$ 41,784$ 44,689$ 44,900$ 46,500$ 1,6003.6% Support Staff$ 93,902$ 102,320$ 100,900$ 104,500$ 3,6003.6% Library Substitutes $ 23,010$ 13,198$ 10,000$ 10,000$ -0.0% Library OT$ -$ 18$ -$ -$ - Sick/Vacation Buyback $ 1,700$ 4,333$ -$ -$ -0.0% ADMINISTRATION WAGES$ 437,876$ 446,909$ 468,400$ 485,300$ 16,9003.6% EXPENSES(+5.4%) This expense includes a modest increase for existing funds and one new expenseline for the Office of Equity. Please see above for more details. FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Library Materials $ 263,370$ 277,255$ 283,900$ 294,000$ 10,1003.6% Equipment Contract/Repair $ 18,330$ 22,929$ 23,000$ 24,000$ 1,0004.3% Software License & Support$ 67,334$ 65,342$ 70,500$ 74,000$ 3,5005.0% Technology Supplies $ 10,313$ 6,833$ 11,000$ 9,000$ (2,000)-18.2% General Supplies$ 13,081$ 10,902$ 14,000$ 14,000$ -0.0% Professional Development$ 17,016$ 20,513$ 14,000$ 14,000$ -0.0% OESJ Professonial Services$ -$ -$ -$ 17,000$ 17,000 Library Programs $ 10,006$ 3,101$ 10,500$ 4,000$ (6,500)-61.9% LIBRARY EXPENSES$ 399,450$ 406,875$ 426,900$ 450,000$ 23,1005.4% Town of Reading89FY2026 Proposed Budget Public Services Division(+1.0%) The Public Services Division is responsible for all Library programs and services. Programs include budgeting, planning, and implementing classes, lectures, meetups, and special events for all ages. Services include research, readersadvisory, one-to- one instruction, technology assistance, homebound services, and support for Reading Public Schools. This budget reflects 10 staffing hours moved from Public Services to Collections Services. The net number of staffing hours for RPL is the same. FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Public Services Division Head$ 80,747$ 69,481$ 84,100$ 87,200$ 3,1003.7% Librarian II$ 132,821$ 138,504$ 148,700$ 154,200$ 5,5003.7% Librarian$ 408,195$ 437,321$ 463,900$ 460,400$ (3,500) Support Staff$ -$ 4,541$ 49,700$ 51,600$ 1,9000.0% Sunday Hours$ 26,129$ 21,782$ 33,000$ 34,000$ 1,0003.0% 1.0% PUBLIC SERVICES WAGES$ 647,893$ 671,628$ 779,400$ 787,400$ 8,000 Collection Services Division(+6.1%) The Collection Services Division is responsible for acquiring and accessingall materials. Materials include all physical and digital items borrowed, streamed, or downloaded. Acquisitions include budgeting, purchasing, licensing, and payment for all materials. Access includes processing, cataloging, patron account management, interlibrary loan services, and all aspects of circulation control.This budget reflects 10 staffing hours moved from Public Services to Collections Services. The net number of staffing hours for RPL is the same. FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Collection Services Division Head$ 87,402$ 90,675$ 94,500$ 97,900$ 3,4003.6% Librarian II$ 58,908$ 72,267$ 76,100$ 78,900$ 2,8003.7% Librarian I$ 31,046$ -$ -$ -$ -0.0% Support Staff$ 298,222$ 348,116$ 322,600$ 346,900$ 24,3007.5% Sunday Hours$ 12,693$ 17,929$ 13,250$ 13,650$ 4003.0% COLLECTION SERVICES WAGES$ 488,271$ 528,987$ 506,450$ 537,350$ 30,9006.1% Town of Reading90FY2026 Proposed Budget Facilities Department Department Overview The Facilities Department supports the Town's Educational and Municipal Government functions through the quality-driven delivery of Facilities Services in a timely and cost- effective manner, along with exceptional customer service. Facilities staff members strive to maintain an efficient, safe, clean, attractive, and inviting environment for all public buildings. The Facilities Department also provides the necessary services to facilitate building use for internal and external users. The Core budget includes all systems, equipment, and large-scale operational needs of all buildings every day; the Town and School Buildings budgets contain items unique to those facilities. Department Preventative Maintenance Program (17)buildings: Service fire extinguisher/suppression systems; exit signs and emergency lighting; provide monthly pest control services (336)Exhaust Fans -Serviced annually (299)Unit Ventilators -Serviced three times/year (55)Roof Top Equipment -Serviced 2-3 times/year (41)Boilers -Serviced annually (12)Elevator and Lift Service -Serviced monthly (11)In and outside Grease Traps -Serviced annually (9)Emergency Generators -Serviced twice per year (2)Acid Waste Tanks -Serviced annually (13) buildings: Sprinkler/Fire -Serviced annually (15) buildings: Fire Alarm -Serviced three times/year FY26Budget Summary The Town Meeting votes on two lines directly: M91 for the total of Core Facilities and M92 for the total of Town Buildings. The School Building costs are part of the School Committee budget, which is voted on as one bottom-line figure by Town Meeting. In FY26, Core Facilitiesbudgets show a 3.4% increase, and Town Buildings budgets show a 3% increase. Town of Reading91FY2026 Proposed Budget FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Core Facilities (M91)$ 2,994,676$ 3,301,955$ 3,938,760$ 4,072,431$ 133,6713.4% Town Buildings (M92)$ 359,464$ 364,711$ 378,450$ 389,936$ 11,4863.0% School Buildings ƭĻĻ {ĭŷƚƚƌ .ǒķŭĻƷ FACILITIES DEPT. TOTALS$ 3,354,140$ 3,666,666$ 4,317,210$ 4,462,367$ 145,1573.4% Core Facilities$ 671,199$ 689,527$ 748,500$ 780,600$ 32,1004.3% Town Buildings$ 249,590$ 243,155$ 267,500$ 271,800$ 4,3001.6% School Buildings ƭĻĻ {ĭŷƚƚƌ .ǒķŭĻƷ FACILITIES DEPT. WAGES TOTAL$ 920,789$ 932,683$ 1,016,000$ 1,052,400$ 36,4003.6% Core Facilities$ 2,323,476$ 2,612,428$ 3,190,260$ 3,291,831$ 101,5713.2% Town Buildings$ 109,874$ 121,556$ 110,950$ 118,136$ 7,1866.5% School Buildings ƭĻĻ {ĭŷƚƚƌ .ǒķŭĻƷ FACILITIES DEPT. EXPENSES TOTALS$ 2,433,351$ 2,733,984$ 3,301,210$ 3,409,967$ 108,7573.3% Line M91: Core Facilities Wages FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Facilities Director $ 150,691$ 156,416$ 163,000$ 169,300$ 6,3003.9% Facilities Assistant Director $ 110,977$ 117,520$ 122,500$ 127,200$ 4,7003.8% Facilites Support Staff$ 72,871$ 75,608$ 78,700$ 81,600$ 2,9003.7% Maintenance Staff$ 314,860$ 321,491$ 348,000$ 366,200$ 18,2005.2% Overtime$ 21,800$ 18,492$ 36,300$ 36,300$ -0.0% Buyback$ -$ -$ -$ -$ -0.0% CORE FACILITIES WAGES$ 671,199$ 689,527$ 748,500$ 780,600$ 32,1004.3% Expenses FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Core Energy Expenses$ 1,492,879$ 1,513,131$ 2,198,300$ 2,226,365$ 28,0651.3% Core Maint. & Repairs$ 476,625$ 534,079$ 435,120$ 455,930$ 20,8104.8% Core HVAC Expenses$ 66,583$ 132,388$ 238,560$ 246,109$ 7,5493.2% Core Plumbing Expenses$ 33,612$ 46,422$ 31,500$ 31,500$ -0.0% Core Electrical Expenses$ 14,374$ 18,142$ 44,500$ 44,500$ -0.0% Core Elevator Expenses$ 35,073$ 39,443$ 59,400$ 79,000$ 19,60033.0% Core Alarm Expenses$ 122,476$ 121,523$ 84,900$ 106,377$ 21,47725.3% Core Fire Equip. Expenses$ 4,825$ 29,515$ 35,000$ 35,000$ -0.0% Core Pest Mgmt. Expenses$ 15,062$ 18,072$ 14,280$ 18,350$ 4,07028.5% Core Misc$ 61,969$ 159,713$ 48,700$ 48,700$ -0.0% CORE FACILITIES EXPENSES$ 2,323,476$ 2,612,428$ 3,190,260$ 3,291,831$ 101,5713.2% Town of Reading92FY2026 Proposed Budget Energy Budgets FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change School Bldg. Electricity$ 526,859$ 533,713$ 820,200$ 820,200$ -0.0% Town Bldg. Electricity$ 207,505$ 204,199$ 272,800$ 272,800$ -0.0% Conservation-Electric$ 10,156$ 17,127$ 12,000$ 17,127$ 5,12742.7% ELECTRICITY EXPENSES$ 744,520$ 755,039$ 1,105,000$ 1,110,127$ 5,1270.5% School Bldg. Natural Gas$ 426,873$ 470,061$ 661,804$ 675,000$ 13,1962.0% Town Bldg. Natural Gas$ 112,716$ 100,364$ 216,996$ 221,376$ 4,3802.0% NATURAL GAS EXPENSES$ 539,589$ 570,425$ 878,800$ 896,376$ 17,5762.0% School Bldg. Wtr/Swr/Stwtr.$ 179,648$ 160,553$ 179,700$ 184,192$ 4,4922.5% Town Bldg. Wtr/Swr/Stwtr.$ 29,121$ 27,113$ 34,800$ 35,670$ 8702.5% W/S/SW EXPENSES$ 208,770$ 187,667$ 214,500$ 219,862$ 5,3622.5% ENERGY EXPENSES TOTALS$ 1,492,879$ 1,513,131$ 2,198,300$ 2,226,365$ 28,0651.3% Line M92: Town Buildings Wages FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Custodians$ 206,013$ 217,615$ 240,000$ 244,300$ 4,3001.8% Buyback$ 12,496$ -$ -$ -$ -0.0% Overtime$ 31,081$ 25,540$ 27,500$ 27,500$ -0.0% TOWN BLDG. WAGES$ 249,590$ 243,155$ 267,500$ 271,800$ 4,3001.6% Expenses FY25 BudgetFY26 BudgetFY25-26FY25-26 FY23 ActualFY24 ActualTown MeetingTown Manager$ Change% Change Outsourced Cleaning Services$ 91,280$ 93,120$ 93,725$ 100,911$ 7,1867.7% Building Supplies$ 18,306$ 24,436$ 12,225$ 12,225$ -0.0% Other$ 288$ 4,000$ 5,000$ 5,000$ -0.0% TOWN BLDG. EXPENSES$ 109,874$ 121,556$ 110,950$ 118,136$ 7,1866.5% TOWN FACILITIES BUDGET$ 359,464$ 364,711$ 378,450$ 389,936$ 11,4863.0% Town of Reading93FY2026 Proposed Budget School Department Budget Town of Reading94FY2026 Proposed Budget Town of Reading95FY2026 Proposed Budget Town of Reading96FY2026 Proposed Budget Town of Reading97FY2026 Proposed Budget Town of Reading98FY2026 Proposed Budget Town of Reading99FY2026 Proposed Budget Town of Reading100FY2026 Proposed Budget Town of Reading101FY2026 Proposed Budget Town of Reading102FY2026 Proposed Budget Town of Reading103FY2026 Proposed Budget Town of Reading104FY2026 Proposed Budget Town of Reading105FY2026 Proposed Budget Town of Reading106FY2026 Proposed Budget Town of Reading107FY2026 Proposed Budget Town of Reading108FY2026 Proposed Budget Town of Reading109FY2026 Proposed Budget Town of Reading110FY2026 Proposed Budget Town of Reading111FY2026 Proposed Budget Town of Reading112FY2026 Proposed Budget Town of Reading113FY2026 Proposed Budget Town of Reading114FY2026 Proposed Budget Town of Reading115FY2026 Proposed Budget Town of Reading116FY2026 Proposed Budget Town of Reading117FY2026 Proposed Budget Town of Reading118FY2026 Proposed Budget Town of Reading119FY2026 Proposed Budget Town of Reading120FY2026 Proposed Budget Town of Reading121FY2026 Proposed Budget Town of Reading122FY2026 Proposed Budget Town of Reading123FY2026 Proposed Budget Town of Reading124FY2026 Proposed Budget Town of Reading125FY2026 Proposed Budget Town of Reading126FY2026 Proposed Budget Town of Reading127FY2026 Proposed Budget Town of Reading128FY2026 Proposed Budget Town of Reading129FY2026 Proposed Budget Town of Reading130FY2026 Proposed Budget Town of Reading131FY2026 Proposed Budget Town of Reading132FY2026 Proposed Budget Town of Reading133FY2026 Proposed Budget Town of Reading134FY2026 Proposed Budget Town of Reading135FY2026 Proposed Budget Town of Reading136FY2026 Proposed Budget Town of Reading137FY2026 Proposed Budget Town of Reading138FY2026 Proposed Budget Town of Reading139FY2026 Proposed Budget Town of Reading140FY2026 Proposed Budget Town of Reading141FY2026 Proposed Budget Town of Reading142FY2026 Proposed Budget Town of Reading143FY2026 Proposed Budget Town of Reading144FY2026 Proposed Budget Town of Reading145FY2026 Proposed Budget Town of Reading146FY2026 Proposed Budget Town of Reading147FY2026 Proposed Budget Town of Reading148FY2026 Proposed Budget Town of Reading149FY2026 Proposed Budget Town of Reading150FY2026 Proposed Budget Town of Reading151FY2026 Proposed Budget Town of Reading152FY2026 Proposed Budget Town of Reading153FY2026 Proposed Budget Town of Reading154FY2026 Proposed Budget Town of Reading155FY2026 Proposed Budget Enterprise Funds Water Enterprise Fund FY26Budget Water Supply is responsible for the administrative management, operation, technical support, maintenance, and security of the drinking water supply byall Federal, State, and local regulations. Water Distribution maintains and operatesthe municipal water distribution system following industry standards and all applicable laws. In addition, this division oversees water meter installation, repair and meter reading, and the maintenance of all fire hydrants. Local costs are projected to increase by 4.7% in FY26, while theFY26MWRA assessment is estimated to growby 3.0%.Overall, the gross budget is up 4.2% over the prior year. WATER ENTERPRISE FUNDFY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 actualTown MeetingTown ManagerChange Wages$ 811,447$ 801,359$ 913,000$ 945,9003.6% Overhead Expenses$ 483,711$ 510,808$ 641,500$ 664,2873.6% Operational Expenses$ 368,135$ 335,641$ 525,500$ 765,50045.7% General Fund Support$ 654,910$ 681,107$ 708,370$ 733,1633.5% Water Operational Costs$ 2,318,204$ 2,328,915$ 2,788,370$ 3,108,85011.5% Capital$ -$ (542,611)$ 635,000$ 725,00014.2% Debt$ 2,730,790$ 3,140,100$ 2,635,500$ 2,512,325-4.7% Water Local Costs$ 5,048,993$ 4,926,403$ 6,058,870$ 6,346,1754.7% MWRA Assessment$ 2,807,828$ 2,826,508$ 2,981,129$ 3,070,5633.0% Water Gross Costs$ 7,856,821$ 7,752,911$ 9,039,999$ 9,416,7384.2% ARPA Grant Support - - Use of Financial Reserves (FY26 pending Select Board vote)$ (1,160,000)$ (1,700,000)46.6% Water Net Costs$ 7,879,999$ 7,716,738-2.1% ƚǞƓ aĻĻƷźƓŭ ǝƚƷĻƭʹ υ ВͲЍЊЏͲАЌБυ ΛАЌЌͲЊЏЌΜυ БͲЏБЌͲЎАЎ Town of Reading156FY2026 Proposed Budget Salaries There is no change in staffing levels or significant changes in related costs. FY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 actualTown MeetingTown ManagerChange Water/Sewer Supervisor$ 51,207$ 53,040$ 55,400$ 58,6005.8% Water Quality & Safety Admin$ 88,176$ 91,478$ 95,200$ 95,2000.0% Managing/Working Forepersons$ 221,327$ 215,318$ 240,700$ 253,2005.2% Senior/Junior Operators$ 192,565$ 234,698$ 363,600$ 327,700-9.9% Laborers$ 94,324$ 64,790$ -$ 50,8000.0% W/S Assistant Collector$ 32,711$ 33,910$ 35,400$ 36,6003.4% Support Staff$ 29,250$ 30,247$ 31,700$ 32,8003.5% Seasonal Staff$ 8,692$ 4,357$ 7,500$ 7,5000.0% On Call/Out of Grade$ 14,212$ 12,663$ 16,000$ 16,0000.0% Overtime$ 78,541$ 60,257$ 75,000$ 75,0000.0% Buyback$ 442$ 599$ -$ -0.0% Snow Removal$ -$ -$ (7,500)$ (7,500)0.0% Water EF Wages$ 811,447$ 801,359$ 913,000$ 945,9003.6% Expenses Local overhead expenses are up by 3.6%. General Fund support costs increased by about 3.5%, according to a methodology developed by the Town Accountant. Operating costs are up 45.7%. The most significant driver of this increase is the area of parts and equipment, which is up significantly by 127.2% due to the need to purchase meters for the pilot program for second water meters for irrigation and outdoor use. Town of Reading157FY2026 Proposed Budget FY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 actualTown MeetingTown ManagerChange Retirement Assessment$ 180,817$ 193,420$ 224,000$ 246,2879.9% OPEB Contributions$ 85,000$ 85,000$ 85,000$ 85,0000.0% Health Insurance$ 153,983$ 163,346$ 255,000$ 255,0000.0% Medicare Payments$ 13,029$ 11,777$ 14,000$ 14,5003.6% Legal Expenses$ -$ -$ -$ -0.0% P/C Insurance Premiums$ 38,091$ 43,425$ 47,500$ 47,5000.0% Worker Comp. Ins. Premiums$ 12,790$ 13,840$ 16,000$ 16,0000.0% Water EF Overhead Expenses$ 483,711$ 510,808$ 641,500$ 664,2873.6% Water Parts & Maintenance$ 124,494$ 108,681$ 173,000$ 393,000127.2% Water Supplies & Equipment$ 96,369$ 53,508$ 65,000$ 70,0007.7% Water Quality & Safety$ 20,797$ 14,957$ 26,000$ 26,0000.0% Water Conservation Promotion$ 10,902$ 7,557$ 20,000$ 20,0000.0% Outsourced Prof Services$ 41,324$ 44,989$ 115,000$ 115,0000.0% Gas & Utilities$ 40,370$ 38,048$ 60,500$ 65,5008.3% Office Supplies & Equipment$ 5,935$ 20,990$ 23,000$ 23,0000.0% Professional Development$ 4,029$ 8,138$ 13,000$ 13,0000.0% Police Details$ 23,916$ 38,773$ 30,000$ 40,00033.3% Water EF Operating Exp.$ 368,135$ 335,641$ 525,500$ 765,50045.7% Wage Support - Adm Services$ 33,840$ 35,194$ 20,940$ 21,6733.5% Wage Support - Technology$ -$ -$ 15,700$ 16,2503.5% Wage Support - Finance$ 29,075$ 30,238$ 31,450$ 32,5503.5% Wage Support - DPW$ 433,170$ 450,497$ 468,500$ 484,8983.5% Expense Support - Adm Services$ 21,945$ 22,823$ 1,670$ 1,7283.5% Expense Support - Technology$ -$ -$ 22,050$ 22,8223.5% Expense Support - Finance$ 5,970$ 6,209$ 6,460$ 6,6863.5% Expense Support - DPW$ 130,910$ 136,146$ 141,600$ 146,5563.5% Water EF Genl Fund Support$ 654,910$ 681,107$ 708,370$ 733,1633.5% Capital & Debt Capital spending includes $600,000 for water main work on Hopkins Street, $75,000 for water main lining, and $ 50,000 for a SCADA upgrade. Debt within the water department has beenreduced by 4.7% from the prior year. Town of Reading158FY2026 Proposed Budget Sewer Enterprise Fund FY26Budget The Sewer Division is responsible for operating municipal sewer collection systems by all applicable state, federal, and MWRA regulations for collecting and discharging wastewater. This includes maintaining and repairing over 100 miles of sewer mains and 12 pumping stations and responding to customer service needs for individual sewer and drainage problems. Local costs are projected to be down by 5.8% in FY26.When combined with +3.0% MWRA charges, the gross budget is down by .2%. SEWER ENTERPRISE FUNDFY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Wages$ 449,624$ 472,743$ 496,800$ 520,1004.7% Overhead Expenses$ 183,208$ 195,306$ 243,500$ 254,5004.5% Operational Expenses$ 150,293$ 202,886$ 250,000$ 296,50018.6% General Fund Support$ 272,660$ 283,567$ 294,885$ 305,2073.5% Sewer Operational Costs$ 1,055,785$ 1,154,501$ 1,285,185$ 1,376,3077.1% Capital$ -$ (6,811)$ 675,000$ 715,0005.9% Debt$ 944,800$ 906,625$ 1,331,075$ 1,009,725-24.1% Sewer Local Costs$ 2,000,585$ 2,054,316$ 3,291,260$ 3,101,032-5.8% MWRA Assessments$ 5,378,343$ 5,245,406$ 5,765,991$ 5,938,9713.0% Sewer Gross Costs$ 7,378,928$ 7,299,722$ 9,057,251$ 9,040,003-0.2% Use of Financial Reserves (FY25 pending Select Board vote)$ (1,300,000)$ (1,200,000)-7.7% Sewer Net Costs$ 7,757,251$ 7,840,0031.1% ƚǞƓ aĻĻƷźƓŭ ǝƚƷĻƭʹ υ ВͲЉЍЉͲЉЉЌυ ΛЌЉЎͲЋЉАΜυ БͲАЌЍͲАВЏ Town of Reading159FY2026 Proposed Budget Salaries There is no change in staffing levels or significant changes in related costs. FY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Water/Sewer Supervisor$ 51,266$ 53,040$ 55,400$ 58,6005.8% Managing/Working Foreperson$ 75,085$ 75,899$ 80,800$ 85,0005.2% Senior/Junior Operators$ 106,367$ 167,604$ 230,000$ 192,800-16.2% Laborers$ 82,421$ 44,200$ -$ 50,8000.0% W/S Assistant Collector$ 32,711$ 33,911$ 35,400$ 36,6003.4% Support Staff$ 29,250$ 30,247$ 31,700$ 32,8003.5% On Call/Out of Grade$ 1,800$ 3,000$ 6,000$ 6,0000.0% Overtime$ 69,534$ 64,662$ 60,000$ 60,0000.0% Buyback$ 1,189$ 180$ -$ -0.0% Snow Removal$ -$ -$ (2,500)$ (2,500)0.0% Sewer EF Wages$ 449,624$ 472,743$ 496,800$ 520,1004.7% Expenses Operational expenses are up 18.6% over the prior year. This increase is driven by increases in parts and maintenance, supplies and equipment, and professional development. Allother operating expense line items are level-funded. General Fund support costs increased by about 3.5% according to a methodology developed by the Town Accountant. Overhead expenses are up 4.5% over the prior year, driven primarily by a 9.9% increase in the retirement assessment. Town of Reading160FY2026 Proposed Budget FY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Retirement Assessment$ 74,744$ 80,066$ 111,000$ 122,0009.9% OPEB Contributions$ 25,000$ 25,000$ 25,000$ 25,0000.0% Health Insurance$ 55,501$ 70,084$ 70,000$ 70,0000.0% Medicare Payments$ 11,959$ 3,767$ 12,500$ 12,5000.0% P/C Insurance Premiums$ 2,231$ 2,235$ 6,000$ 6,0000.0% Worker Comp. Ins. Premiums$ 13,773$ 14,154$ 19,000$ 19,0000.0% Sewer EF Overhead Expenses$ 183,208$ 195,306$ 243,500$ 254,5004.5% Sewer Parts & Maintenance$ 48,658$ 106,232$ 103,000$ 128,00024.3% Sewer Supplies & Equipment$ 28,475$ 17,380$ 39,000$ 54,00038.5% Sewer Quality & Safety$ 25,365$ 27,660$ 41,000$ 41,0000.0% Gas & Utilities$ 38,818$ 42,154$ 42,500$ 44,5004.7% Office Supplies & Equipment$ -$ -$ -$ -0.0% Professional Development$ 2,553$ 9,597$ 16,500$ 21,00027.3% Police Details$ 6,425$ (138)$ 8,000$ 8,0000.0% Sewer EF Operating Exp.$ 150,293$ 202,886$ 250,000$ 296,50018.6% Wage Support - Adm Services$ 14,100$ 14,664$ 8,280$ 8,5703.5% Wage Support - Technology$ -$ -$ 6,950$ 7,1933.5% Wage Support - Finance$ 12,115$ 12,600$ 13,100$ 13,5593.5% Wage Support - DPW$ 180,210$ 187,418$ 194,915$ 201,7373.5% Expense Support - Adm Services$ 9,190$ 9,558$ 700$ 7253.6% Expense Support - Technology$ -$ -$ 9,240$ 9,5633.5% Expense Support - Finance$ 2,490$ 2,590$ 2,700$ 2,7953.5% Expense Support - DPW$ 54,555$ 56,737$ 59,000$ 61,0653.5% Sewer EF Genl Fund Support$ 272,660$ 283,567$ 294,885$ 305,2073.5% Capital & Debt Spending consists of paying existing debt and capital items. FY26 includes $100,00 for a pickup truck, $540,000 for design work for two sewer stations, and $75,000 for sewer main projects. Debt expenses are down 24.1% from the prior year. Please refer to the capital plan and debt schedule for more details. Town of Reading161FY2026 Proposed Budget Storm Water Enterprise Fund FY26Budget The Storm Water Division consists of some activities conducted under the General Fund budget and some underthe Enterprise Fund budget. The Division is responsible for constructing, maintaining, and repairingall catch basins and storm drainage systems. STORM WATER ENTERPRISE FUNDFY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Wages$ 97,556$ 121,591$ 125,300$ 131,3004.8% Overhead Expenses$ 19,577$ 19,481$ 31,750$ 32,0000.8% Operational Expenses$ 22,681$ (17,156)$ 106,000$ 111,0004.7% General Fund Support$ 109,015$ 113,375$ 117,920$ 122,0473.5% Storm Water Operational Costs$ 248,830$ 237,291$ 380,970$ 396,347 4.0% Capital$ 40,748$ 8,342$ 650,000$ 200,000-69.2% Debt$ 120,856$ 136,907$ 111,575$ 107,325-3.8% Storm Water Local Costs$ 410,433$ 382,540$ 1,142,545$ 703,672-38.4% MWRA Expenses$ -$ -$ -$ -0.0% Storm Water Gross Costs$ 410,433$ 382,540$ 1,142,545$ 703,672-38.4% *Use of Financial Reserves (FY26 pending Select Board vote)$ (475,000)$ (75,000)0.0% Storm Water Net Costs$ 667,545$ 628,672-5.8% ƚǞƓ aĻĻƷźƓŭ ǝƚƷĻƭʹ υ АЉЌͲЏАЋυ ΛЊЋЋͲЉЍАΜυ ЎБЊͲЏЋЎ ΫƭǒŭŭĻƭƷĻķ ǒƭĻ ƚŅ υАЎͲЉЉЉ ƚŅ υ͵Б ƒźƌƌźƚƓ ƚŅ ƩĻƭĻƩǝĻƭ Ʒƚ ƉĻĻƦ ƩğƷĻƭ ǒƓĭŷğƓŭĻķ Salaries There is no change in staffing levels for FY26. FY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Senior/Junior Operators$ 59,165$ 62,733$ 66,900$ 125,30087.3% Laborers$ 33,179$ 48,184$ 52,400$ --100.0% On Call/Out of Grade$ -$ -$ 1,000$ 1,0000.0% Overtime$ 5,213$ 10,675$ 5,000$ 5,0000.0% Storm Water EF Wages$ 97,556$ 121,591$ 125,300$ 131,3004.8% Town of Reading162FY2026 Proposed Budget Expenses Local overhead expenses are up slightly by .8%,as shown in the table below: FY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Retirement Assessment$ -$ -$ 2,000$ 2,0000.0% OPEB Contributions$ 10,500$ 10,500$ 10,500$ 10,5000.0% Legal Expenses$ -$ -$ -$ -0.0% Health Insurance$ 7,569$ 7,138$ 17,000$ 17,0000.0% Medicare Payments$ 1,508$ 1,843$ 2,250$ 2,50011.1% Storm Water Overhead Expenses$ 19,577$ 19,481$ 31,750$ 32,0000.8% Operating expenses increased by 4.7%, and General Fund support costs increased by about 3.5%,according to a methodology developed by the Town Accountant. FY25 BudgetFY26 BudgetFY25-26 FY23 ActualFY24 ActualTown MeetingTown ManagerChange Drainage Maintenance$ 6,290$ 3,629$ 20,000$ 23,00015.0% St. Water Supplies & Equip.$ 9,832$ (29,598)$ 67,000$ 69,0003.0% St. Water Quality & Safety$ 1,105$ 496$ 5,000$ 5,0000.0% Gas & Utilities$ 5,434$ 4,603$ 10,000$ 10,0000.0% Professional Development$ 20$ 3,713$ 4,000$ 4,0000.0% Storm Water EF Operating Exp.$ 22,681$ (17,156)$ 106,000$ 111,0004.7% Wage Support - Adm Services$ 5,655$ 5,881$ 6,120$ 6,3343.5% Wage Support - Technology$ -$ -$ -$ -0.0% Wage Support - Finance$ 4,855$ 5,049$ 5,250$ 5,4333.5% Wage Support - DPW$ 93,860$ 97,614$ 101,530$ 105,0843.5% Expense Support - Adm Services$ 3,645$ 3,791$ 3,940$ 4,0783.5% Expense Support - Technology$ -$ -$ -$ -0.0% Expense Support - Finance$ 1,000$ 1,040$ 1,080$ 1,1183.5% Expense Support - DPW$ -$ -$ -$ -0.0% Storm Water EF Genl Fund Support$ 109,015$ 113,375$ 117,920$ 122,0473.5% Capital & Debt In FY26,funding is requested for drainage improvements. Debt expenses are down by 3.8% from the prior year. Please refer to the capital plan and debt schedule for more details. Town of Reading163FY2026 Proposed Budget PEG Cable Access Enterprise Fund FY26Budget The Public, Educational, and Governmental (PEG) Cable Access enterprise fund receives quarterly revenue from Readings cable providers (Comcast and Verizon). These funds are earmarked for PEG cable access. The Town does not have an established department to provide PEG services. Over the last 20+ years,the Town has outsourced PEG services to RCTV. The appropriation of this fund will allow the Town to use the PEG access fees collected from its cable providers to provide the necessary PEG services. PEG ACCESS REVENUES RECEIVED ProjectedProjected FY14FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY265 yr Ave10 Yr Ave Comcast233,001248,340261,345279,553286,324282,892306,204305,728314,101321,890314,303297,304292,000312,445292,068 Comcast Captial - - - - - 97,500 32,500 32,500 32,500 - - - - 19,500 19,500 Verizon284,657298,382303,624303,583297,655284,055270,740248,253236,753222,021224,963228,000228,000240,546269,003 Verizon Captial - - - - - - - - 48,750 48,750 48,750 - - 29,250 14,625 Total517,658546,722564,969583,136583,979664,447609,443586,481632,104592,661588,016525,304520,000601,741595,196 350,000 300,000 250,000 Comcast 200,000 Comcast Captial 150,000 Verizon Verizon Captial 100,000 50,000 - FY14FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26 In prior years, the Town collected the PEG Access feesand paid to RCTV through an Agency fund. The MassachusettsDepartment of Revenue now requires these funds to be appropriated by Town Meeting. ProjectedFY26 BUDGETFY25-26 FY22 ActualFY23 ActualFY24 ActualFY25Town ManagerChange GENERAL FUND SUPPORT$ 1,000$ 1,000$ 1,000$ 1,000$ 1,0000.0% PROFESSIONAL SERVICES$ 631,104$ 592,662$ 587,017$ 539,000$ 519,000-3.7% PEG EXPENSES$ 632,104$ 593,662$ 588,017$ 540,000$ 520,000-3.7% Town of Reading164FY2026 Proposed Budget Reading Community Television Inc. (RCTV)was incorporated in 1998 as a non-profit organization in Massachusetts pursuant to cable television renewal license agreements for the Town of Reading. RCTVs purpose is to operate Public, Educational, and Governmental (PEG) access channels, manage the annual funding thereof, conduct training programs in the skills necessary to produce quality PEG access programming, establish rules,procedures,and guidelines for the use of PEG access channels, provide publicity, fundraising, outreach, and other support services to PEG access users, and produce or assist PEG users in the production of original, noncommercial use video programming of interest to subscribers focusing on town issues, events and activities. Town of Reading165FY2026 Proposed Budget Landfill Enterprise Fund FY26Budget Town Meeting created the Landfill enterprise fund on December 9, 2002, to establish a financial assurance mechanism per the Department of Environmental Protection requirements relative to the landfill's closureand the post-closure maintenance and monitoring costs. During the 30-year post-closure period, the developer contributes the estimated annual post-closure monitoring funds to complete post-closure monitoring for the year, not exceeding$37,000. Any surplus remains in the Enterprise Account until the end of the post-closure period. This practice ensures compliance with the post-closure requirements of 310CMR 19.00 in relationto the Landfill. The Developer must provide monitoring of the Landfill up to and including the limit of $40,000 per year, with a 3% cost of living factor applied each year. The Town's obligation is escalated for amounts above $40,000 per year appropriately escalated. The Landfill Post Closure table below shows the Town and Developer's expense share. The Town hasn't had an obligation relative to Landfill monitoring since December 2011. In prior years, the Town collected contributions to the Landfill Enterprise fund and treated them like performance deposits within the enterprise fund. Reimbursements were made to the Developer when proof of monitoring was provided to the Town. The Department of Revenue requires these funds to be appropriated by Town Meeting because an Enterprise Fund was established. Thus, the Town will appropriate the performance deposit paid by the Developer annually. ProjectedFY26 BUDGETFY25-26 FY22 ActualFY23 ActualFY24 ActualFY25Town ManagerChange LANDFILL MONITORING REIMB$ 37,000$ 37,000$ 37,000$ 37,000$ 37,0000.0% LANDFILL EXPENSES$ 37,000$ 37,000$ 37,000$ 37,000$ 37,000 0.0% Town of Reading166FY2026 Proposed Budget Landfill Post Closure Financial Assurance Mechanism MONTH6/30/2024 OBLIGATION CALCULATIONCASH BALANCE ANALYSIS ABCDEFGHIJK Monitoring DateAccrued Savings Property Owner MaximumTotal costsProperty Owner ShareTown share Funds InterestAvailable cash Year E-GObligationObligation Calendar YearPaid from cash balanceF-E (not <0)Received Calendar Year K (From previous year) from previous yearCurrent Year C+D Invoices PaidLesser of E or F plus I plus J minus G January-0374,0004,06378,063 1 January-0540,00040,00047,40740,0007,40740,000*1,22179,285 2 January-06041,20041,20058,82441,20017,62437,0003,15978,244 3 January-07042,43642,43656,68142,43614,24537,0004,83877,646 4 January-08043,70943,70962,09743,70918,38837,0003,06774,003 5 January-09045,02045,02046,89945,0201,87837,00077066,753 6 January-10046,37146,37148,43446,3712,06337,00026957,650 7 January-11047,76247,76255,69547,7627,93337,00017247,061 8 January-12049,19549,19546,05246,052037,00018338,191 9 January-133,14350,67153,81436,67036,670037,00010438,626 10 January-1417,14352,19169,33445,24645,246037,0008730,467 11 January-1524,08853,75777,84552,95852,958037,00010314,611 12 January-1624,88755,36980,25640,43540,435037,00019511,372 13 January-1739,82157,03096,85249,54649,546037,000100-1,074 14 January-1847,30658,741106,04737,53337,533037,000176-1,431 15 January-1968,51460,504129,01836,97036,970037,000440-960 16 January-2092,04862,319154,36629,09729,097037,0001937,135 17 January-21125,26964,188189,45744,14044,140037,00084 18 January-22105,31666,114171,43037,01237,012037,000662654 19 January-23134,41868,097202,51637,29337,293037,0001,3521,713 20 January-24160,19070,140230,33043,05143,051037,0004,3380 21 January-25187,27972,244259,5240000 22 January-26259,52474,412333,935000 23 January-27333,93576,644410,580000 24 January-28410,58078,943489,523000 25 January-29489,52381,312570,835000 26 January-30570,83583,751654,586000 27 January-31654,58686,264740,850000 28 January-32740,85088,852829,701000 29 January-33829,70191,517921,218000 30 January-34921,21894,2631,015,48100 *Bills paid directly by developer so funds were only "effectively" received Town of Reading167FY2026 Proposed Budget Capital& Debt Service Capital Overview Increased equipment costs are significantly impacting our capital budget for FY26. Our departments are seeing unprecedented purchase price increases and excessive lead times for construction and equipment. Each project/purchase has asheet with specific details and itemized funding sources. We will continue expanding this practice to give readers more detailed descriptions of our annual budget. The Capital budget for FY26 is $3,3398,000, a 10.3% decrease from FY25 funding. This decrease is due to eliminating the additional $700,000 in funds provided by the Finance Committee (FinCom) to mitigate the effects of the global pandemic and inflation on our capital plan. FY26Capital (3,398,000); -10.3% $220,000 for Core Facilities: $50,000 for use by the Permanent Building Committee, $50,000 for an Auditorium Lighting Upgrade at Parker Middle School, $105,000 for an ARC Flash Hazard Study for the School Buildings, and $15,000 for a water heater at Wood End. $160,000 for Schools: $10,000 for ongoing phone system work and $150,000 for large-scale technology projects. $100,000$100,000 for Technology for large-scale technology projects. $150,000 for Recreation for design for artificial turf at Parker Middle School $1,220,000$1,150,000 for replacement of Fire Pumper Engine #2, and $70,000 for ALS Defibrillator Monitor. $1,548,000 for Public Works: $275,000 for replacement of Sander Truck #18, $648,000 for road paving, $100,000 for skim coating & seal crack road repairs; $100,000 for Salem Street crosswalk improvements,$100,000 in general curb and sidewalk repairs for pedestrian safety; $50,000 for general parking lot improvements; $50,000 for general fence improvements; $100,000 for rock wall repairs; $100,000 for pickleball courts; and $25,000 for engineering plotter. Town of Reading168FY2026 Proposed Budget Debt Overview Our debt budget for FY26 is $3,051,975, representing an18.2% reduction from FY25 spending. This significant reduction results from a 100% reduction in excluded debt. In FY25, the excluded debt for the Reading Public Library project was paid off, leaving no excluded debt payments in FY26. Paying off all the excluded debt will create much- needed savings for Reading residents as we continue to move forward with the Killam School and Center for Active Living projects. Debt within the levy continues to be balanced with capital expenditures to maintain our FinCom policy of 5% for Capital and Debt. November 2024 Town Meeting approved the issuance of debt related to one project: $1.3 millionof additional debt for the RMHS Fieldhouse floors and bleachers. For safety and longevity reasons, the town opted for a maple floor with an estimated total borrowing of $3 million. Town of Reading169FY2026 Proposed Budget Fire Department ALS Defibrillator Monitor Town of Reading170FY2026 Proposed Budget Fire Pumper Town of Reading171FY2026 Proposed Budget Replacement of H-19 Sanding Dump Truck with Plow Town of Reading172FY2026 Proposed Budget Replacement of S-05 Pickup Truck Town of Reading173FY2026 Proposed Budget Replacement of E-00 Engineering Plotter Town of Reading174FY2026 Proposed Budget Appendix A Capital Plan Town of Reading175FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 TOTAL CAPITAL REQUESTS 3,837,000 3,398,000 3,248,000 3,746,000 4,189,000 3,991,000 4,865,500 5,191,000 5,611,000 3,575,000 1,975,000 2,275,000 45,901,500 Capital & Debt Policy5.57%5.00%5.00%5.03%5.00%5.12%5.14%5.14%5.12%5.12%5.00%5.00% Annual Surplus (Deficit) - - - - - - - - 480,406 2,900,324 4,616,880 5,158,790 Cumulative Surplus (Deficit) - - - - - - - - 480,406 3,380,730 7,997,610 13,156,401 Capital Projects Identified but there is no proposed funding yet in the Capital Plan (shading/boldcrossout indicates a change from last Town Meeting) Town of Reading176FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 1. Killam Building project TBD Excluded Debt - Killam Field improvements, drainage, repaving ($350k HOLD for Killam project) 2. Senior/Community Center TBA Excluded Debt if >$5mil (Options are being explored) 3. DPW Bldg improvements (scope changed) 4. Community projects (no formal capital requests yet) Legend: xDebt has been approved by the voters as excluded from the Prop 2-1/2 levy; debtni has been authorized by Town Meeting but not yet issued; debtna has not yet been authorized by Town Meeting Town of Reading177FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 Facilities - CORE 50,000 100,000 643,000 752,000 345,000 320,000 272,500 750,000 50,000 265,000 - - 3,547,500 Energy (Performance Contract) $4.95mil debt Debt - Energy Improvements II OPM/Design - Energy Improvements II $5.0mil/15yr DebtDebtDebtDebtDebtDebtDebtDebtDebt - Energy (Green Repairs) $1.05mil debt - Bldg Security - $4.0mil debt DebtDebtDebtDebtDebtDebt - Bldg Sec. - window film (schools) - Facilities Master Plan 200,000 200,000 Permanent Bld Committee 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 500,000 RMHS Building project ~$55mil debt - RMHS Bldg proj - $6 mil Litig. some debt DebtDebtDebt - RMHS Retaining Wall - $0.5mil debt - RMHS Turf 2 - $2.225 mil debt DebtDebtDebtDebtDebtDebt - RMHS Stadium OPM/Design - RMHS Glycol Reclamation & Installation - RMHS Building Management System (Green Communities Grant $150k?) - RMHS Stadium Turf/Track $3 mil/10yr DebtDebtDebtDebtDebtDebtDebtDebt - RMHS Ropes Course 97,500 97,500 RMHS/RISE playground design - RMHS/RISE playground improvements - RMHS Fldhouse floor/bleachers $3.2 mil TBD debt ($200K design; $3.0 mil project )DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna - Parker MS roof project OPM/design - Parker MS Roofing project $2.7mil/10yr DebtDebtDebtDebtDebtDebtDebtDebt - Parker MS Auditorium Lighting Upgrade 50,000 50,000 Coolidge MS roof project design 450,000 450,000 Coolidge MS Roofing project $3.7mil/10yr DebtnaDebtnaDebtnaDebtnaDebtna - Modular Classrooms $1.2m debt - Killam Building project TBD xDebtxDebtxDebtxDebtxDebtxDebtxDebtxDebtxDebt - Barrows/Wd End Bldg projects $0.8mil debt - Barrows/Wd End Bldg projects debt - Birch Meadow ES roof project design 230,000 230,000 Birch Meadow Roofing project $1.9 mil/10yr DebtnaDebtnaDebtnaDebtna - Library Building project $18.4 mil debt xDebt - Police Sta. project $1.5mil/10yr DebtDebtDebtDebtDebtDebtDebtDebt - Fire Station #1 Main Street Elevator Replacement 283,000 283,000 Town Hall Roofing project design $55k design and $550k design 55,000 550,000 605,000 Town Hall Elevator Replacement 252,000 252,000 Police Station . Roof $15k design and $150k design 15,000 150,000 165,000 Community Center TBA xDebt if >$5mil - Community Center Heating System $700k - DPW Garage Roof Project $102k design and $1.3 million - DPW Bldg project TBD - Town of Reading178FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 Electrician Van Ford E350 Econoline (2014) 55,000 55,000 Carpenter's Pickup Ford F-350 (2013) 55,000 55,000 Carpenter's Cut-away Van (2017) 60,000 60,000 Plumber's Cut-away Van (2017) 60,000 60,000 Pickup Truck Chevy 2500HD (2016)10 75,000 75,000 Pickup Truck Chevy 2500HD (2017)10 75,000 75,000 2019 Ford Transit Van10 55,000 55,000 2021 Bobcat L28 Mini Loader (15 years)10 - 100,000 100,000 Bobcat Skid S130 (2008)15 65,000 65,000 Bobcat Utility UV56 (2024)15 - 115,000 115,000 Buildings - Schools (Total) - 120,000 40,000 185,000 - - 180,000 775,000 100,000 1,100,000 - - 2,500,000 Arc Flash Hazard Study 105,000 105,000 Barrows -> HVAC - Elementary schools 80,000 775,000 855,000 design(yr1)/project(yr2)Wood End -> 100,000 1,100,000 1,200,000 Coolidge MS HVAC - Steam Traps Coolidge -> 75,000 75,000 Carpet/Flooring 70,000 60,000 130,000 Doors & Windows 40,000 40,000 40,000 120,000 Birch Meadow Food Service Line - paid by School Lunch Revolving fund - Barrows Food Service Line - paid by School Lunch Revolving fund - Wood End Water Heater 15,000 15,000 Parker Carpet/Flooring - Buildings - Town (Total) - - 144,000 - 30,000 - - - - - - - 189,000 Arc Flash Hazard Study 144,000 144,000 Carpet/Flooring 30,000 30,000 Doors & Windows - Town of Reading179FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 Schools - General 180,000 160,000 260,000 260,000 735,000 260,000 300,000 260,000 310,000 260,000 225,000 225,000 3,435,000 Food Service Van E-250 (2014) - Driver's Education Vehicle (2014) 45,000 45,000 Card readers for all the schools - Vehicle Barriers for all schools 475,000 475,000 Bob Utility UV34 (2021) 50,000 50,000 Courier Vehicle (2019) 40,000 40,000 District-wide Telephone systems 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 100,000 Design for Technology wiring projects - District-wide Technology Wiring projects - District-wide Technology projects 125,000 150,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 225,000 225,000 2,725,000 Technology 555,000 100,000 130,000 150,000 150,000 166,000 150,000 150,000 150,000 150,000 150,000 150,000 2,151,000 Water Tank Town telco equip replace/relocate - Remote access multi factor authentication - Internal segmentation firewall - CAD System (Computer Aided Dispatch) 455,000 455,000 GIS flyover - planimetrics - Technology projects 100,000 100,000 130,000 150,000 150,000 166,000 150,000 150,000 150,000 150,000 150,000 150,000 1,696,000 Finance - - - - - - - - 600,000 - - - 600,000 Financial System 600,000 600,000 Library - - - - - - - - - - - - - Equipment - - - - - - - - - - - - - Public Services 245,000 150,000 - - 350,000 - 320,000 - 810,000 - - - 1,875,000 Maillett Sommes Morgan $1.0mil/10yrs DebtDebtDebtDebtDebtDebtDebtDebtDebt - Downtown Improvements II $4.0mil/ 20yrs DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna - Downtown Improvements II $3.75 mil Bond Bill - Downtown Energy Efficient projects - PARC: Kiosks(4) handheld devices(2) - Land Use planning (CC & Symonds) - Sr/Community Center planning - Parks & Fields space study - Rehab Playgrounds Program - KillamSturges - Town of Reading180FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 Birch Meadow Master Plan - Birch Meadow Master Plan Design - Phase 1 $2.3 mill ($1.5mil ARPA grant & $800k debt) - Support & general Circulation $750k-$1.2mil - Imagination Station Parking $450-550k - Phase 2 $2.14mil/10yr debt ($245k design) 245,000DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna 245,000 Lacrosse Wall $100-150k - Tennis Courts, Playground, Parking $800k-$1.0mil - Basketball Courts $500-650k - Phase 3 $1.6mil/10yr debt - Morton Field improvements $600-950k - Castine Field $75-100k - Higgins Farm Conserv Area $100-150k - Birch Meadow Drive Improvements $250-400k - Phase 4 $6.0mil/10yr debt - Softball/Multi purpose new turf field $3.2-3.6mil - Coolidge Field turf $2.2-2.4 mil. - Artificial Turf @Parker MS (replace) design to 2027 debt 2028 $1.5 mill 10 yrsDesign> 150,000 DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna 150,000 Pickleball Courts $1.95 million (200k donations)(100k FY26 Capital) DebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtnaDebtna Barrows Tennis court repairs 125,000 125,000 Barrows Basketball court repairs 100,000 100,000 Barrows Replace backstop & repair infield 125,000 125,000 Killam Field improve, drainage, repaving ($350k) held for Killam project decision - Wood End Field Repairs 325,000 325,000 (*) below indicates $950k in state bond bill details TBA ($805k identified below) - *Wash Pk:Replace backstop & shift field 150,000 150,000 *Wash Pk:Walking Paths 100,000 100,000 *Mem Pk: Replace Band Stand 50,000 50,000 *Mem Pk:Court resurface 20,000 20,000 *Symonds:Replace backstop 150,000 150,000 *Hunt Pk:Replace backstop 125,000 125,000 Sturges Pk:Tennis court repairs 75,000 75,000 Sturges Pk:Basketball court repairs 85,000 85,000 Sturges Pk:Backstop repairs 50,000 50,000 Public Safety - Fire/EMS - 1,220,000 560,000 580,000 - 1,540,000 485,000 350,000 766,000 75,000 - - 5,576,000 Ladder Trk #1 (2008: $800k, next FY22) (15 years) - Ladder Truck & Equipment - Pumper Eng #1 (2010-$525k; next FY30) 1,400,000 1,400,000 Pumper Eng #2 (2007-$410k; next FY25) 1,150,000 1,150,000 Town of Reading181FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 Pumper Eng #3 (2016 $630k; next FY36) - Pumper Eng #4 (2020 $800k; next FY40) - Ambulance #1 (2017- 10 yrs) 500,000 500,000 Ambulance #2 (2010 - 10yrs) & equip 575,000 575,000 Ambulance equipment 45,000 45,000 90,000 Passenger Car#1 (2023 - 10yrs) 75,000 75,000 Passenger Car#2 (2022 - 10yrs) 75,000 75,000 Passenger Car#3 (2023 - 10yrs) 71,000 71,000 Passenger Car#4 (2018 - 10yrs) - Pickup Truck #1 (2019 - 10yrs) 85,000 85,000 Pickup Truck #2 (2012 - 10yrs) 80,000 80,000 Alarm Truck (2023 - 20yrs) - ALS Defibrillator Monitor (2019 - 7yrs) 70,000 70,000 140,000 BLS AEDs (2020-8yrs) 25,000 30,000 55,000 Rescue Tool 60,000 60,000 Breathing Apparatus (2017-12yrs) 400,000 400,000 Breathing Air Compressor - Breathing Air Bottles 30,000 30,000 CPR Compression Device 20,000 20,000 Thermal Imaging (2018 - 10yrs) 60,000 60,000 Fire Hose 40,000 40,000 Multigas meters 20,000 20,000 Turnout Gear (2022 - 5yrs) 300,000 350,000 650,000 Public Safety - Police/Dispatch 90,000 - 25,000 80,000 - 30,000 - 336,000 680,000 65,000 - - 1,306,000 Police Unmarked Vehicles 50,000 80,000 80,000 210,000 Police Parking Enforcement Vehicle (2024) 40,000 65,000 105,000 Police equipment (tasers) (7 years) ( 2021) 192,000 192,000 Firearms Replacement (12 years) (2023) 144,000 144,000 Radios (Police & Fire 2022 - 12yrs) 600,000 600,000 Upgrades to Holding Cells - Dispatch Center Equipment Upgrade (2019) AEDs 25,000 30,000 55,000 Public Works - Equipment 375,000 300,000 30,000 689,000 1,104,000 300,000 1,658,000 1,070,000 545,000 60,000 - 300,000 6,431,000 Large TrucksLife - 275,000 - 395,000 120,000 300,000 990,000 1,070,000 240,000 3,390,000 C-03 Dump Truck C3 (2016)10 140,000 140,000 C-04 Dump Truck C2 (2012)10 120,000 120,000 H-05 Small Dump Truck #7 (2012)10 120,000 120,000 H-06 Aerial Pickup Truck #14 (2017)10 100,000 100,000 H-07 Truck #10 (2018)15 240,000 240,000 H-08 Truck #9 - Sander (2017)15 275,000 275,000 H-09 Truck #8 - 10 wheeler (2016)15 245,000 245,000 H-10 Truck #22 -Sander (2015)15 275,000 275,000 Town of Reading182FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 H-11 Truck #4 - Sander (2014)15 275,000 275,000 H-12 Truck #16 - Sander (2011)15 275,000 275,000 H-14 Truck #3 - Sander (2010)15 275,000 275,000 H-15 Truck #5 (2008)15 300,000 300,000 H-16 Truck # 7 (2024)15 250,000 250,000 H-17 Truck # 11 (2024)15 250,000 250,000 H-18 Truck #19 - Sander (2007)15 275,000 275,000 H-19 Truck #18 - Sander (2006)15 275,000 275,000 P-03 Dump truck #24 Parks (2017)15 100,000 100,000 P-04 Dump truck #12 Parks (2015)15 100,000 100,000 Pick-ups/Cars/Vans 155,000 - - - 614,000 - 295,000 - 60,000 60,000 - - 1,184,000 C-02 Pickup Ford Utility #C1 (2014)10 100,000 100,000 C-06 Cem. #4 Ford SUV (2024)10 45,000 60,000 105,000 CAR 2 Ford Escape (2016)10 54,000 54,000 CAR 1 Car #3 Hyundia Sante FE HYBRID (2023)10 60,000 60,000 E-01 Chevy Traverse (2019)10 65,000 65,000 F-02 Pickup Chevy #9 Parks (2023)10 - H-01 Pickup #16 (2015)10 100,000 100,000 H-02 Pickup #18 (2006)10 110,000 110,000 H-03 Pickup #4 (2020)10 120,000 120,000 H-04 Pickup Ford Utility #11 (2014)10 110,000 110,000 M-02 Pickup #1 (2020)10 175,000 175,000 PFC-01 Ford Escape (2017)10 65,000 65,000 P-02 Pickup Ford #2 Parks (2015)10 120,000 120,000 Pickup for P/F/C Supervisor (2024)10 - Backhoes/Loaders/Heavy Equipment - - - - 100,000 - 60,000 - - - - - 160,000 C-07 Backhoe Loader (2020)10 - H-20 Loader JD 624 (2020)10 - H-21 Loader JD 624 (2017)10 - Loader to replace Sicard10 - H-22 Backhoe JD 710L HWY (2020)10 - H-23 Bobcat Loader (2015)10 - P-05 Ventrac tractor (2020)10 60,000 60,000 P-06 Tractor JD4520 (Parks) (2012)15 100,000 100,000 Specialty Equipment - Heavy Duty 220,000 - - - 180,000 - 163,000 - - - - 300,000 863,000 F-04 Bucket Truck #21 Forestry (2024)15 300,000 300,000 F-05 Chipper/LoaderTruck #23 (2008)15 - F-06 Chipper/LoaderTruck #23A (2024)15 H-24 Forklift (2016)15 - Town of Reading183FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 H-25 Crawler Dozer (2003)15 - H-26 Snow Primoth SW4S (2016)15 113,000 113,000 H-27 Snow Trackless (2015)15 180,000 180,000 H-28 Snow Holder #1 c992 (2015)15 - H-29 Snow Holder #2 c480 (2013)15 - H-31 Leeboy Pavement Sprd (2014)15 - H-32 Hamm Roller, Large (2014)15 - H-33 Hamm Roller, Small (2016)15 50,000 50,000 H-34 Leeboy Roller, Small (1998)15 - H-41 Screener (2018)15 - Blower unit for Loader15 220,000 220,000 W-23 Sicard HD Snowblower (1999) - Specialty Equipment - Light Duty - 25,000 - 40,000 60,000 - 150,000 - 245,000 - - - 520,000 C-14 SmithCo 48" Sweeper (2012)10 40,000 40,000 C-15 SKAG Leaf Vac (Cem) (2015)10 25,000 25,000 C-16 Carmate Trailer (2019) 20,000 20,000 C-17 Big Tex Trailer (2013) 10,000 10,000 E-00 Engineering Plotter (15 yrs) 25,000 25,000 F-06 Vemeer Chipper (2018) 225,000 225,000 F-08 Stump Grinder new (2021) (replace 20 yrs)20 - F-09 Trailer Dump Trailer (2015) 50,000 50,000 F-10 Truck Mount Sprayer 500gal (2015) 20,000 20,000 H-35 Tack Machine for Paving (2004) - H-36 Curb-builder for Paving (2010) - H-37 HotBox for Paving (2020) - H-38 Cement Mixer Tow Behind (2005) - H-39 Mobile Compressor (1) (2019)10 - H-40 Mobile Compressor (2) (2020) - H-42 Trailer (2012) - H-43 Trailer, Roller (1998) - H-44 Eager beaver Trailer #2 (1996) - P-11 Smithco SuperStar (2016)15 30,000 30,000 P-12 Smithco 60 Turf Sweeper (2016)15 40,000 40,000 P-14 Leaf Vac SKAG (2016) 25,000 25,000 P-15 Trailer (2016) 10,000 10,000 Town of Reading184FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 P-16 Trailer (2013) - P-17 Trailer (stump grinder) - P-18 Trailer Enclosed (2007) - R-01 Rubbish Barrells for automated pickup - Lawnmowers - - 30,000 254,000 30,000 - - - - - - - 314,000 C-08 Mwr SKAG TT #2 (2017) 24,000 24,000 C-09 Mwr (Cem.) SKAG 48" (2016) 12,500 12,500 C-10 Mower SKAG 61" (2024) - C-11 Mwr (Cem.) Scag 52" Stander (2021) 10,000 10,000 C-12 Mwr SKAG 36" (2012) 12,500 12,500 C-13 Mwr SKAG TT 61" #3 (2011) 30,000 30,000 P-07 Mwr SKAG TT #5 (2017) 30,000 30,000 P-08 Mwr SKAG 20,000 20,000 P-09 Mwr (Pks) TORO 5910N (2014) 175,000 175,000 P-10 Mower - TORO Gang (2024) - DPW: Parks & Cemetery 547,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 3,847,000 Gen'l Fence Replacement 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000 Fencing around play area adjacent to Wood End School 32,000 32,000 DPW Yard Improvements - Strout Avenue Improvements - School Site Improvements - Birch Meadow (parking lots, sidewalks, walkways) 215,000 215,000 Field, Playground and Court Improvements 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 1,200,000 Pickleball Courts $700k ( 5 years)DebtnaDebtnaDebtnaDebtnaDebtna Rock Wall repairs - Memorial Park - Rock Wall Repair Program 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 1,200,000 Rock Wall repairs - Laurel Hill - Rock Wall repairs - Joshua Eaton - Grove Street Parking Lot Improvements - Gen'l Parking Lot Improvements 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000 DPW: Roads - Track Road Bridge #1 - Track Road Bridge #2 - Salem Street Crosswalk Improvements 100,000 100,000 Salem and Main Traffic Signal Improvements 50,000 50,000 Forest Street Crosswalk Improvements - Design Work 50,000 50,000 Sidewalk/Curb/Ped. Safety 200,000 100,000 160,000 200,000 200,000 200,000 200,000 300,000 300,000 300,000 300,000 2,460,000 Skim Coating & Crack Seal Patch 100,000 100,000 125,000 150,000 175,000 175,000 200,000 200,000 200,000 200,000 200,000 200,000 2,025,000 West Street - Local shr ($1.3mil)Debt - Lowell Street $500k + $600k 600,000 600,000 General Fund - various roads 845,000 648,000 781,000 600,000 800,000 700,000 800,000 800,000 800,000 800,000 800,000 800,000 9,174,000 TOTAL GENL FUND VOTED - ROADS 1,795,000 948,000 1,116,000 750,000 1,175,000 1,075,000 1,200,000 1,200,000 1,300,000 1,300,000 1,300,000 1,300,000 14,459,000 Grants - various roads 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 7,200,000 TOTAL ROAD CAPITAL 2,395,000 1,548,000 1,716,000 1,350,000 1,775,000 1,675,000 1,800,000 1,800,000 1,900,000 1,900,000 1,900,000 1,900,000 21,659,000 Town of Reading185FY2026 Proposed Budget Capital Improvement Plan (CIP) 2/27/2025 14:59 FY-2025FY-2026FY-2027FY-2028FY-2029FY-2030FY-2031FY-2032FY-2033FY-2034FY-2035FY-2036FY25-36 Biggest Changes in Capital since April Town MeetingConcerns Killam ES - any costs not Excluded debt should be identified very soon Sr. Center - Town of Reading186FY2026 Proposed Budget Appendix B Debt Schedule Town of Reading187FY2026 Proposed Budget Debt Schedule Town of ReadingProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjected Debt Service ScheduleFY - 2025FY - 2026FY - 2027FY - 2028FY - 2029FY - 2030FY - 2031FY - 2032FY - 2033FY - 2034FY - 2035FY - 2036FY - 2037FY - 2038FY - 2039 2/27/25 14:59 General Fund:4,097,7383,051,9753,395,0503,130,9252,861,1003,437,5502,818,8002,719,4002,038,1001,883,9001,823,4501,234,000892,500586,400573,200 .3,490,0002,319,0002,614,0002,474,0002,319,0002,874,0002,369,0002,369,0001,769,0001,679,0001,679,0001,150,000850,000560,000560,000 Within Levy Limit2,255,0002,319,0002,614,0002,474,0002,319,0002,874,0002,369,0002,369,0001,769,0001,679,0001,679,0001,150,000850,000560,000560,000 Excluded Debt1,235,00000000000000000 Interest607,738732,975781,050656,925542,100563,550449,800350,400269,100204,900144,45084,00042,50026,40013,200 Within Levy Limit563,038732,975781,050656,925542,100563,550449,800350,400269,100204,900144,45084,00042,50026,40013,200 Excluded Debt44,70000000000000000 Within Levy Limit 2,818,0383,051,9753,395,0503,130,9252,861,1003,437,5502,818,8002,719,4002,038,1001,883,9001,823,4501,234,000892,500586,400573,200 Issued2,818,0382,183,4752,335,5001,962,8251,734,4502,352,3501,775,0501,717,1001,077,250964,500945,5001,076,500742,500586,400573,200 Approved not issued (ANI)0621,000745,300719,600693,900668,200642,500616,800591,100565,400539,7000000 Not yet approved (NYA)0247,500314,250448,500432,750417,000401,250385,500369,750354,000338,250157,500150,00000 Excluded Debt 1,279,70000000000000000 Issued1,279,70000000000000000 Approved not issued (ANI) Not yet approved (NYA) Debt Summary Inside Tax Levy2,818,0382,826,9753,245,0503,130,9252,861,1003,437,5502,818,8002,719,4002,038,1001,883,9001,433,7501,391,5001,050,000586,400573,200 Energy/Safety Improvements1,196,813831,875803,125774,375740,750712,250340,750327,700317,550310,300304,500298,700292,90000 School Buildings1,005,575969,5251,228,6001,187,9251,142,7751,784,7251,574,6751,525,1001,012,400984,200956,000927,800599,600586,400573,200 Town Buildings175,750164,375158,125151,875145,625139,375133,125127,5000000000 Community Improvements439,900861,2001,055,2001,016,750831,950801,200770,250739,100708,150589,400173,250165,000157,50000 Excluded From Tax Levy1,279,70000000000000000 Energy/Safety Improvements000000000000000 School Buildings000000000000000 Town Buildings1,279,70000000000000000 Community Improvements000000000000000 Town of Reading188FY2026 Proposed Budget Debt Schedule Town of ReadingProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjected Debt Service ScheduleFY - 2025FY - 2026FY - 2027FY - 2028FY - 2029FY - 2030FY - 2031FY - 2032FY - 2033FY - 2034FY - 2035FY - 2036FY - 2037FY - 2038FY - 2039 2/27/25 14:59 Principal + Interest Within Levy Limit 2,818,0383,051,9753,395,0503,130,9252,861,1003,437,5502,818,8002,719,4002,038,1001,883,9001,823,4501,234,000892,500586,400573,200 Issued2,818,0382,183,4752,335,5001,962,8251,734,4502,352,3501,775,0501,717,1001,077,250964,500945,5001,076,500742,500586,400573,200 Approved not issued (ANI)0621,000745,300719,600693,900668,200642,500616,800591,100565,400539,7000000 Not yet approved (NYA)0247,500314,250448,500432,750417,000401,250385,500369,750354,000338,250157,500150,00000 Bldng Security $4mil/10yr427,000413,000399,000385,000371,000357,000 Bldg Energy Improv I $5m/15yr336,188 Bldg Energy Improv II $5m/15yr433,625418,875404,125389,375369,750355,250340,750327,700317,550310,300304,500298,700292,900 Killam Green Repair Birch Mdw Green Repair RMHS Turf II $2.225mil/10yr195,000188,600182,200175,800169,400158,100 RMHS Turf I $3.0mil/10yr346,875334,125321,375303,750291,250278,750266,250255,000 RMHS Fieldhouse $3 mil/10yrs300,000435,000420,000405,000390,000375,000360,000345,000330,000315,000Increase by $800k, $1.7 million already authorized RMHS/TLT $1.5mil/10yr151,200145,800140,400 RMHS Ret. Wall $500k/5yr Parker MS Roof $2.7mil/10yr312,500301,000284,625273,375262,125250,875239,625229,500 Coolidge MS Roof $2.9mil/10yr457,000448,300439,600430,900422,200413,500404,800396,100387,400378,700 move out 5yrs Birch Mdw ES roof $1.5mil/10yr235,000230,500226,000221,500217,000212,500208,000203,500199,000194,500 move out 5yrs ES Mod. class $1.2 mil/8yr Barrows/Wd End® Wood End® Barrows® Police Sta Improve $1.5mil/10yr175,750164,375158,125151,875145,625139,375133,125127,500 West St. $1.3 mil135,200 Comm. Sustainability $1.0mil/10yr134,200129,400124,700120,000110,300106,000101,50096,80092,300000000 Pickleball Courts $1.65 million /10yr 0247,500239,250231,000222,750214,500206,250198,000189,750181,500173,2500000$5m bond bill Turf @ Parker MS $1.5 mill/10 years 225,000217,500210,000202,500195,000187,500180,000172,500165,000157,500 Haven St. Streetscape $750k/5yr170,500163,300155,950148,6500000000000 0 Bch Mdow Phase II $2.14mil/10yr0321,000310,300299,600288,900278,200267,500256,800246,100235,400 Excluded Debt 1,279,70000000000000000 Issued1,279,70000000000000000 Approved not issued (ANI) Not yet approved (NYA) RMHS® Barrows/Wd End® Wood End® Library Project $10+mil1,040,000 Library Project $2.115mil239,700 Town of Reading189FY2026 Proposed Budget Debt Schedule Town of ReadingProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjected Debt Service ScheduleFY - 2025FY - 2026FY - 2027FY - 2028FY - 2029FY - 2030FY - 2031FY - 2032FY - 2033FY - 2034FY - 2035FY - 2036FY - 2037FY - 2038FY - 2039 2/27/25 14:59 Principal Within Levy Limit 2,255,0002,319,0002,614,0002,474,0002,319,0002,874,0002,369,0002,369,0001,769,0001,679,0001,679,0001,150,000850,000560,000560,000 Issued2,255,0001,790,0001,935,0001,645,0001,490,0002,045,0001,540,0001,540,000940,000850,000850,0001,000,000700,000560,000560,000 Approved not issued (ANI)0364,000514,000514,000514,000514,000514,000514,000514,000514,000514,000 Not yet approved (NYA)0165,000165,000315,000315,000315,000315,000315,000315,000315,000315,000150,000150,000 Bldng Security $4mil/10yr350,000350,000350,000350,000350,000350,000 Bldg Energy Improv I $5m/15yr330,000 Bldg Energy Improv II $5m/15yr295,000295,000295,000295,000290,000290,000290,000290,000290,000290,000290,000290,000290,000 4,377,300 Killam Green Repair Birch Mdw Green Repair RMHS Turf II $2.225mil/10yr160,000160,000160,000160,000160,000155,000 RMHS Turf I $3.0mil/10yr255,000255,000255,000250,000250,000250,000250,000250,000 2,521,300 RMHS Fieldhouse $3 mil/10yrs150,000300,000300,000300,000300,000300,000300,000300,000300,000300,000 150,000 Move up 1 yr RMHS/TLT $1.5mil/10yr 135,000 135,000 135,000 RMHS Ret. Wall $500k/5yr Parker MS Roof $2.7mil/10yr230,000230,000225,000225,000225,000225,000225,000225,000 2,270,000 Coolidge MS Roof $3.7mil/10yr370,000370,000370,000370,000370,000370,000370,000370,000370,000370,0003,700,000 Birch Mdw ES roof $1.9mil/10yr190,000190,000190,000190,000190,000190,000190,000190,000190,000190,0001,900,000 ES Mod. class $1.2 mil/8yr Barrows/Wd End® Wood End® Barrows® Police Sta Improve $1.5mil/10yr130,000125,000125,000125,000125,000125,000125,000125,000 1,261,400 West St. $1.3 mil130,000 Comm. Sustainability $925k/10yr95,00095,00095,00095,00090,00090,00090,00090,00090,000 Pickleball Courts $1.65 million /10yr 165,000 165,000 165,000 165,000 165,000 165,000 165,000 165,000 165,000 165,000 - - - -1,916,665 Turf @ Parker MS $1.50 mill/10 years 150,000150,000150,000150,000150,000150,000150,000150,000150,000150,0001,500,000 Haven St. Streetscape $730k/5yr145,000145,000145,000145,000 730,000 Bch Mdow Phase II $2.14mil/10yr214,000214,000214,000214,000214,000214,000214,000214,000214,000 214,000 2,140,000 Excluded Debt 1,235,00000000000000000 Issued1,235,00000000000000000 Approved not issued (ANI) Not yet approved (NYA) RMHS® Barrows/Wd End® Wood End® Library Project $10+mil1,000,000 Library Project $2.115mil235,000 Town of Reading190FY2026 Proposed Budget Debt Schedule Town of ReadingProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjectedProjected Debt Service ScheduleFY - 2025FY - 2026FY - 2027FY - 2028FY - 2029FY - 2030FY - 2031FY - 2032FY - 2033FY - 2034FY - 2035FY - 2036FY - 2037FY - 2038FY - 2039 2/27/25 14:59 Interest Within Levy Limit 563,038732,975781,050656,925542,100563,550449,800350,400269,100204,900144,45084,00042,50026,40013,200 Issued563,038393,475400,500317,825244,450307,350235,050177,100137,250114,50095,50076,50042,50026,40013,200 Approved not issued (ANI)0257,000231,300205,600179,900154,200128,500102,80077,10051,40025,700 Not yet approved (NYA)082,500149,250133,500117,750102,00086,25070,50054,75039,00023,2507,500866,250 Bldng Security $4mil/10yr77,00063,00049,00035,00021,0007,000 448,400 Bldg Energy Improv I $5m/15yr6,188 54,656 Bldg Energy Improv II $5m/15yr138,625123,875109,12594,37579,75065,25050,75037,70027,55020,30014,5008,7002,900 1,131,367 Killam Green Repair Birch Mdw Green Repair RMHS Turf II $2.225mil/10yr35,00028,60022,20015,8009,4003,100 RMHS Turf I $3.0mil/10yr91,87579,12566,37553,75041,25028,75016,2505,000 630,025 RMHS Fieldhouse $3 mil/10yrs75,000150,000135,000120,000105,00090,00075,00060,00045,00030,00015,000 RMHS/TLT $1.5mil/10yr 16,200 10,800 5,400 RMHS Ret. Wall $500k/5yr Parker MS Roof $2.7mil/10yr82,50071,00059,62548,37537,12525,87514,6254,500 566,302 Coolidge MS Roof $2.9mil/10yr87,00078,30069,60060,90052,20043,50034,80026,10017,4008,700478,500 Birch Mdw ES roof $1.5mil/10yr45,00040,50036,00031,50027,00022,50018,00013,5009,0004,500247,500 ES Mod. class $1.2 mil/8yr 12,000 Barrows/Wd End® Wood End® Barrows® Police Sta Improve $1.5mil/10yr45,75039,37533,12526,87520,62514,3758,1252,500 314,539 West St. $1.3 mil5,200 Comm. Sustainability $925k/10yr39,20034,40029,70025,00020,30016,00011,5006,8002,300 Haven St. Streetscape $730k/5yr 25,50018,30010,9503,65088,150 Pickleball Courts $1.65 million /10yr 82,500 74,250 66,000 57,750 49,500 41,250 33,000 24,750 16,500 8,250440,412 Turf @ Parker MS $1.50 mill/10 years 75,000 67,500 60,000 52,500 45,000 37,500 30,000 22,500 15,000 7,500 Bch Mdow Phase II $2.14mil/10yr107,00096,30085,60074,90064,20053,50042,80032,10021,40010,700 Excluded Debt 44,70000000000000000 Issued44,70000000000000000 Approved not issued (ANI) Not yet approved (NYA) Killam Community Center Wood End® Library Project $10+mil40,000 Library Project $2.115mil4,700 Town of Reading191FY2026 Proposed Budget Town of Reading Meeting Minutes 2016-09-22 LAG Board -Committee -Commission -Council: Finance Committee Date: 2025-03-05Time: 7:00PM Building: Reading Town Hall Location: Select Board Meeting Room Address: 16 Lowell StreetSession: Open Session Purpose: General BusinessVersion: Draft Attendees:Members -Present: Chair Joe Carnahan, Vice Chair Marianne McLaughlin-Downing, Geoffrey Coram, Endri Kume, Joe McDonagh, Ed Ross, Emily Sisson, John Sullivan, Mark Zarrow Members -Not Present: Others Present: Town Manager Matt Kraunelis, CFO Sharon Angstrom, Assistant Town Manager Jayne Wellman, School Superintendent Tom Milaschewski, Facilities Director Joe Huggins, Assistant Facilities Director Kevin Cabuzzi (remote), DPWDirector Chris Cole, Town Clerk Laura Gemme (remote), Community Services Director Jenna Wood, Elder & Human Services Administrator Chris Kowaleski,Karen Gately Herrick (remote), Chris Haley (remote), Mark Dockser,Carla Nazzaro, Pat Tompkins, Nancy Twomey, John Coote (remote), Nancy Ziemlak, Marilyn Shapleigh, Laura Stella (remote), Ajunetta Stith (remote), Jenni Katajamaki -LBA (remote), Brian Hromadka -Turner & Townsend, Mike Carroll -Colliers (remote), Joel Bargmann -BH+A (remote) Minutes Respectfully Submitted By:Jacquelyn LaVerde Topics of Discussion: This meeting was held in-person in the Select Board Meeting Room of Town Hall and remotely via Zoom. Chair Joe Carnahan called the meeting to order at 7:00 pm. Roll call attendance: Mark Zarrow (remote), Ed Ross (remote), Joe McDonagh, Emily Sisson, Marianne McLaughlin-Downing, Geoffrey Coram, Endri Kume, John Sullivan, Joe Carnahan. The Killam School Building Committee called to order at 7:02 pm. Roll call attendance: Pat Tompkins, Nancy Twomey, John Coote (remote), Ed Ross (remote), Chris Haley (remote), Carla Nazzaro. The Permanent Building/ReCAL Committee called to order at 7:03 pm. Roll call attendance: Nancy Twomey, John Coote (remote), Nancy Ziemlak, Pat Tompkins. Mark Dockserarrived at 7:06 pm. Liaison Reports Page | 1 Marianne McLaughlin- almost $1.9 million estimated cost for seven pickleball courts. She noted that there could be some value engineering that could be done to bring costs down. Geoffrey Coram shared that the School Committee discussed the state approval to allow cameras on school buses to catch people who pass. While the district has a contract with a bus company, they may ask for a contribution, which could be a possible expense and warrant article in the future. The Select Board called to order at 7:06 pm. Roll call attendance: Karen Gately Herrick (remote), Chris Haley (remote), Mark Dockser. Public Comment Laura Stella noted that the debt reduction of the library and other projects appeared in both presentations for the Killam and the Senior Center, and asked how much it would lower taxpayer cost. CFO Sharon Angstrom explained that taxpayers will see the savings once, but both projects want to remind taxpayers that those debt exclusions have been paid off and will help buffer these debt exclusions. Killam School Project Presentation and Discussion Carla Nazzaro, Chair of the Killam School Building Committee, provided an update of the project, which is currently in the schematic design phase. Ms. Nazzaro shared site plans and renderings of the proposed three-story building, which will include a consolidated RISE preschool, Kindergarten through Grade 5 classrooms and other programming spaces, and improved parking and traffic flow. The feasibility study is on schedule and under budget by about $650,000 of the allocated $2.2 million. th The debt exclusion vote on the project is planned for May 13. The total project cost is estimated at $130,011,783 (which is the amount that will appear on the Debt Exclusion Ballot), with $42,666,829 estimated Massachusetts School Building Authority (MSBA) reimbursement on eligible costs. The amount of debt the Town will incur is $87,344,954. It is estimated that the excluded debt will add approximately $734 per year to the average residential tax bill, or around $61 per month. With the recent payoff of other debt exclusions, the net tax increase for adding the Killam project would be around $347. The Committee discussed various aspects of the project including the voting process; the size and scale of the school to meet education requirement and MSBA standards; construction timeline; material costs and contingencies; increased staff and maintenance needs for the new building; and borrowing terms, project costs, and tax impacts to homeowners. Reading Center for Active Living (ReCAL) Project Presentation and Discussion Brian Hromadka of Turner & Townsend provided an overview of the Reading Center for Active Living (ReCAL) project. He reviewed the projectmodate the increasing 60+ population, limitations of the current Pleasant Street Center, and site plans and renderings of the proposed building. The initial estimated cost range for ReCAL was $28-$29 million, but this was adjusted to reflect a later construction start date and an increased contingency. These changes would have raised the estimated cost to $32.8-$33.7 million. Neighboring communities have paid in the range of $26.8-$34.4 million for similar projects. The final budget was set at $27.9 million, with a $4.7 million contingency. The potential tax increase is $183-$265 per year for an average homeowner. The Committee also discussed the potential for cost savings during the project's design and construction phases, the project's timeline, concerns about the facility being a community center and shared with other age groups, impacts on the area due to the simultaneous construction as the Killam School project, and operational and programming plans. On a motion by Nancy Twomey, seconded by Mark Dockser, the Permanent Building/ReCAL Committee voted 5-0-0 to adjourn at 9:18 pm. Page | 2 Roll call vote: Mark Dockser Yes,Nancy TwomeyYes,Nancy Ziemlak Yes,John Coote Yes, Pat Tompkins Yes. On a motion by Pat Tompkins, seconded by Nancy Twomey, the Killam School Building Committee voted 5-0-0 to adjourn at 9:18 pm, as Carla Nazzaro had already left the meeting. Roll call vote: Nancy Twomey Yes, John Coote Yes, Ed Ross Yes, Chris Haley Yes, Pat Tompkins Yes. On a motion by Karen Gately Herrick, seconded by Mark Dockser, the Select Board voted 3- 0-0 to adjourn at 9:19 pm. Roll call vote: Chris Haley Yes, Mark Dockser Yes, Karen Gately Herrick Yes. Vote on Finance Committee Reserve Transfer Request CFO Sharon Angstrom presented a Reserve Transfer Request totaling $80,000, $60,000 of which is for election cost overruns and the special election scheduled for May. The other $20,000 is for traffic control repairs that ran over what was budgeted. Town Clerk Laura Gemme clarified that the extra cost of vote-by-mail and the extra staff needed to process mail-in ballots was not known until after the Presidential election. Also included in the request is $10,000 to purchase a high-speed ballot scanner, and to help with storage solutions given the retention requirements for all the vote-by-mail ballots and associated documentation. DPW Director Chris Cole explained that the extra costs for traffic controls were due to the general increased costs and frequency of repairs. On a motion by Marianne McLaughlin-Downing, seconded by Endri Kume, the Finance Committee voted 9-0-0 to approve the reserve transfer as presented. Roll call vote: Mark Zarrow Yes, Ed Ross Yes, Joe McDonagh Yes, Emily Sisson Yes, Marianne McLaughlin-Downing Yes, Geoffrey Coram Yes, Endri Kume Yes, John Sullivan Yes, Joe Carnahan Yes. Vote on Snow and Ice Deficit Spending CFO Sharon Angstrom stated that there will be a request at April Town Meeting for an exceeded the budgeted $675,000. DPW Director Chris Cole explained that a lot of the overage is due to the need for road solvents, and contractually obligated overtime, as storms happened on weekends and holidays. On a motion by Emily Sisson, seconded by Endri Kume, the Finance Committee voted 9-0-0 to approve deficit spending for snow and ice removal as presented. Roll call vote: Mark Zarrow Yes, Ed Ross Yes, Joe McDonagh Yes, Emily Sisson Yes, Marianne McLaughlin-Downing Yes, Geoffrey Coram Yes, Endri Kume Yes, John Sullivan Yes, Joe Carnahan Yes. Future Agenda Discussion The agendas for the next two meetings include a Public Hearing on the Town budget at the th next meeting on March 12, and the vote on the budget and warrant article at the meeting th on March 19. Approve Prior Meeting Minutes The Committee reviewed the meeting minutes of February 26, 2025, and made minor corrections to the Others Present heading section, and a typographical error. On a motion by Emily Sisson, seconded by Geoffrey Coram, the Finance Committee voted 9-0-0 to approve the meeting minutes of February 26, 2025 as amended. Page | 3 Roll call vote: Mark Zarrow Yes, Ed Ross Yes, Joe McDonagh Yes, Emily Sisson Yes, Marianne McLaughlin-Downing Yes, Geoffrey Coram Yes, Endri Kume Yes, John Sullivan Yes, Joe Carnahan Yes. On a motion by Emily Sisson seconded by Marianne McLaughlin-Downing, the Finance Committee voted 9-0-0 to adjourn at 9:43 pm. Roll call vote: Mark Zarrow Yes, Ed Ross Yes, Joe McDonagh Yes, Emily Sisson Yes, Marianne McLaughlin-Downing Yes, Geoffrey Coram Yes, Endri Kume Yes, John Sullivan Yes, Joe Carnahan Yes. Page | 4