Next Select Board Meeting - October 21, 2025 @ 5:00 p.m.
All are welcome to attend and participate in our open and public meetings. The agenda for each meeting is posted 48 business hours prior to the scheduled meeting time and can be accessed through the Select Board's webpage.
Attend in-person at the Town Office Annex, Large Meeting Room. Join the meeting on-line or participate by phone by dialing 1-508-945-4410 and entering Conference ID 203 386 491#.
14th Annual Town of Chatham Budget Summit
Fiscal Year 2027 (July 1, 2026 – June 30, 2027)
Select Board – Department Heads - Finance Committee –Monomoy Regional School District
FY2027 “Navigating the Fiscal Year Ahead”
The Budget Summit on October 21, 2025, will mark the formal start of the Fiscal Year 2027 (July 1, 2026 – June 30, 2027) budget review process. This will be our 14th year of Budget Summits, conducted in collaboration with Department Heads, the Select Board, the Finance Committee, and the Monomoy Regional School District Committee. Since first initiated in 2012, the outcomes we hope to achieve by the Summit include:
· Enhance understanding of the Town’s financial condition
· Identify emerging challenges before they become critical
· Identify existing issues requiring correction
· Review service and funding priorities and present a comprehensive assessment of our strengths and weaknesses
· Discuss long-range considerations in conjunction with the annual budget review process
AGENDA
I. Anchoring our Priorities – Laying the groundwork for the decisions that will guide us through the year ahead
A. Select Board Goals and Budgetary Objectives
II. Overview of the Current FY2026 Budget; "Staying the Course”
A. Budget Components
B. FY2026 Recap
III. FY2027 Budget Revenue Projections
IV. FY2027 Budget and Three-Year Operating Budget Expense Forecast
A. FY2027 Budget Forecast – Reviewing Past Performance and Forecast Between FY2023 – FY2029
i. FY2027 Budget Factors
ii. From Line Item to Outcome: Department Perspectives on Funding Impact
a. Department of Natural Resources
b. Information Technologies
iii. Community Priorities/Initiatives
B. Water Revenues and Operating Budget
V. FY2027 – FY2031 Capital Improvement Plan/Program/Projects
A. Potential 2026 Annual Town Meeting Articles
B. Monomoy Regional School District/Chatham Elementary School
C. Community Priorities/Initiatives
VI. Debt Service
A. Forecasts and Schedules
VII. Understanding Overlay
VIII. Recommendations/Reports Received
A. Finance Committee (https://www.chatham-ma.gov/DocumentCenter/View/8415/Finance-Committee-Preliminary-FY2026-Budget-Recommendations-and-Report-to-the-Select-Board-PDF)
B. S&P Bond Rating (AAA) April 23, 2025 (https://www.chatham-ma.gov/DocumentCenter/View/8658/Standard--Poors-Bond-Rating-2025-PDF)
IX. Navigating Forward with the FY2027 Budget
A. Shared Priorities and Fiscal Outlook Discussion
B. Budget Review Process/Directives/Calendar