Finance Committee Meeting - 05/04/2026

The Town of Bridgewater, MA Finance Committee held a meeting on May 4, 2026, primarily focused on budget discussions and grant-related matters. The committee approved the acceptance of a grant from the Department of Energy Resources' Green Communities Division. A significant portion of the meeting was dedicated to reviewing the annual town budget, addressing a $4 million shortfall through various cost-saving measures such as not filling open positions, reducing vendor contracts, and adjusting health insurance assumptions. The committee also discussed the town's efforts to secure and manage grants, including the proposal to reclassify a finance department position to focus on procurement and grant management to enhance revenue generation. Additionally, the committee approved the budgets for the Water, Sewer, and Transfer Station Enterprise Funds and authorized revolving funds. Members emphasized the importance of transparent communication with the community regarding budget challenges and grant successes, as well as the need for tough fiscal decisions to ensure long-term sustainability.