Finance Committee approves bond rating at AA, sets budget growth target.
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:
- The complete report — 472 words
Source: the Finance Committee meeting of February 2, 2026, reported from the official video recording and transcript.
Keep reading with a 14-day free trial
Subscribe to Sharon News to keep reading this post and get 14 days of free access to the full post archives.
A subscription gets you:
- Subscriber-only posts and full archive
- Post comments and join the community
- 24x7 access to local news