Financial Committee

Overview

As defined in the Town Charter, the Financial Committee provides financial advice to the Town Manager and the Town Council on the annual operating budget for all Town agencies, including the Regional School budget, as adopted by the School Committee.

The Financial Committee provides financial advice to the Town Council and the Town Manager on long-range financial planning.

The Financial Committee is responsible for advising the Town Manager on the annual preparation of the Town's capital improvement plan.  It prepares a report for the Town Council on the said annual capital improvement program and participates in public hearings to review it.

After at least one public meeting, the Financial Committee shall report its recommendations to the Town Council on all finance-related matters. The finance committee shall have such additional powers and duties as may be provided by the General Laws, by Town Charter, or by ordinance.  The Financial Committee is an advisory and ministerial committee of the Town.

The Financial Committee consists of nine (9) members. Three (3) members shall be appointed by each of the Town Manager, the Town Council, and the Town Clerk.