Select Board addresses Capital Expenditure Fund overcommitment
Holliston Select Board confronts significant Capital Expenditure Fund overcommitment dating to May 2025. Town Manager Frank Gervasio reported the fund has been overcommitted based on an understanding of available funds that proved inaccurate, appearing to stem from process issues compounded over
Select Board · Meeting of June 29, 2026
Holliston Select Board confronts significant Capital Expenditure Fund overcommitment dating to May 2025. Town Manager Frank Gervasio reported the fund has been overcommitted based on an understanding of available funds that proved inaccurate, appearing to stem from process issues compounded over multiple fiscal years. Gervasio noted roughly $8 million in Articles is expected to remain unspent in the next 12 months despite the overcommitment, creating no immediate overdraft threat.
The board engaged a third-party firm to conduct a comprehensive review, with results expected prior to the October 2026 Town Meeting. Benjamin Sparrell was unanimously appointed to the School Building Committee representing the Select Board.
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Source: the Select Board meeting of June 29, 2026, compiled from the official minutes.
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