# Beverly Deficit Reduction Committee Meeting 10/15/2026

The Beverly Deficit Reduction Committee met on October 15, 2026, to finalize a public presentation and discuss research topics for potential recommendations to the city. No procurement actions, contract awards, vendor selections, or spending votes were identified. Topics included employee and retiree health-insurance cost sharing, pension deferral, regional dispatch, payments or in-kind support from tax-exempt institutions, recreation and camp fees, parking and other municipal fees, enterprise funds, and possible municipal electric service. Members also discussed a potential large upfront investment in a charm facility, for which the city is applying for grants, while noting that grant funding would not ensure long-term sustainability. Fee ideas included a camp registration fee that one member estimated could generate about $15,000; an example of a $167,000 institutional contribution and an estimated $160,000 in taxes associated with five properties were also discussed.

The committee agreed to clarify its role as a research and public-feedback body, not a policy-making body, and to present possible service cuts alongside revenue ideas given the requirement for a balanced budget. Members planned further public outreach and stakeholder feedback before developing recommendations for the City Council, with a longer-term budget recommendation process discussed. No policy changes or procurement decisions were approved.

**Jurisdictions:** sled
**Industries:** Energy & Utilities, Construction & Infrastructure
**Topics:** Grants & Funding, Physical Infrastructure
**Published:** October 15, 2026

### Sources
- [Beverly Deficit Reduction Committee Meeting 10/15/2026](https://www.youtube.com/watch?v=lYnHXAjyqxE) - BevCam Government