Maylor Presents 'Road to Fiscal Stability'

The town manager offered his five-year fiscal forecast.

The town must reshape its approach to budgets and planning, Town Manager Andrew Maylor told the Board of Selectmen Monday night. Maylor presented his five-year fiscal forecast along with a vision for putting the town on what he called a "road to fiscal stability." The national economic recovery has been slow and inconsistent, Maylor said, with the state's unemployment creeping upward in recent months. This is just one of the obstacles Maylor noted when dealing with balancing the town's budgets. Unemployment has taken away from the state's revenues, which will likely mean a decrease in local aid. In years past, North Andover has paid for services and balanced budgets with help from local aid. But, Maylor said, we should not count on that …

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Maylor Presents First Budget

The budget amounts to more than $91 million.

Town Manager Andrew Maylor presented the Board of Selectmen with the work that has consumed much of his first three months in office -- his first budget reommendation. Maylor's proposed budget amounts to $91.2 million. “Service levels will remain the same, staffing will remain the same," Maylor said. "Our ability to be there for our residents will remain the same.” Some key factors of the proposed 2013 budget are: The budget also calls for $250,000 to be taken out of "free cash" and put into three separate reserve accounts -- $200,000 to the Stabilization Fund, $25,000 to a reserve fund for post-employment benefits and $25,000 into a new capital stabilization fund, to be used specifically for capital investments in the community. "We are …

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Town Meeting 2011

Consensus Budget Reached With or Without Meals Tax

For the fourth year in a row, there is agreement on the town's budget.

For the fourth year in a row, North Andover selectmen, School Committee and Finance Committee are in agreement on the town's budget proposal. "And I say kudos to those involved in the process, four years in a row reaching consensus budget," Selectman Tracy Watson said Monday night at the Board of Selectmen meeting. The Selectmen and Finance Committee are recommending $79,043,441 for the general fund if the proposed meals tax is approved at Town Meeting. If the meals tax is not approved, the recommended budget is $79,027, 937. The School Committee met on June 2 and approved the budget, which would include $36, 916,601 for the schools -- $37,082,313 for the schools if the proposed meals tax passes. "Please bear in mind that even with the …

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