Select Board 7-28-2026

The Select Board meeting of RCTV Studios on July 28, 2026, focused primarily on addressing the town of Reading's significant structural budget deficit projected at approximately $6.5 million for FY28. Town staff, including department heads and finance and school committees, presented budget options involving an override to be placed on the November ballot. The main discussion revolved around whether to propose a $6.5 million override, a higher $9.8 million option, or multiple tiered options phased in over two or three years to mitigate tax impacts on residents. Board members debated the fiscal responsibility of using free cash reserves versus raising taxes, the potential consequences of not passing an override, and the importance of transparent communication with residents about tax increases. A motion was made to place a $6.5 million override on the ballot, with consideration for phasing it in over two years. The meeting highlighted the challenges of balancing budgetary needs with taxpayer affordability and the need for ongoing fiscal discipline and community engagement.