Finance Committee Meeting (Part 2) - July 13, 2026

The Marlborough, MA Finance Committee meeting on July 13, 2026, focused primarily on the approval and funding of a major school construction project and associated storm water infrastructure improvements. The committee reviewed detailed budget estimates and reimbursement rates from the Massachusetts School Building Authority (MSBA), highlighting a total project cost of approximately $162.5 million for the new Richer School, with an expected state reimbursement rate of about 63%. The discussion included the project's schedule aiming for a fall 2029 opening, cost containment strategies, and the impact on local taxes. Additionally, a separate $6.3 million bond was proposed and approved for storm water drainage improvements related to the school site, with no state reimbursement for this portion. Motions to approve both the school construction budget and the storm water bond passed unanimously, with plans to continue oversight and cost management throughout the project phases.