Finance Committee approves bond rating at AA, sets budget growth target.
Sharon Finance Committee affirmed the town's AA bond rating and reviewed robust financial metrics. Standard & Poor's reaffirmed the rating January 21 following comprehensive review of town fiscal performance; certified free cash rose to $12,066,104 from $10,779,470 the prior year. The Priorities
Finance Committee · Meeting of February 2, 2026
Sharon Finance Committee affirmed the town's AA bond rating and reviewed robust financial metrics. Standard & Poor's reaffirmed the rating January 21 following comprehensive review of town fiscal performance; certified free cash rose to $12,066,104 from $10,779,470 the prior year. The Priorities Committee established a 3.3575 percent FY27 budget growth target, incorporating $125,000 in new growth and a $250,000 reduction in debt service projections.
Finance Director Krishan Gupta highlighted unemployment costs as a primary concern, noting FY26 spending has already exceeded the $75,000 allocation, prompting an increase to $90,000 for FY27; Town Administrator Fred Turkington committed to soliciting updated staffing and unemployment projections from school administration.
In the full story:
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Source: the Finance Committee meeting of February 2, 2026, compiled from the official minutes.
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