The Finance Committee and Chief Financial Officer (CFO) discussed Marblehead's upcoming financial forecast for fiscal year 2026 (FY26), highlighting both positive news about free cash and concerns over rising expenses in the coming years. Finances have been a major focus in Marblehead since the conclusion of the teachers’ strike, with much attention on the need for an … [Read more...] about Good news, bad news
Molly Teets
School and Finance committees brainstorm on budget
The Finance and School committees came together to discuss the budget for fiscal years 2024, 2025, and beyond on Monday. Assistant Superintendent for Operations and Finance Michelle Cresta began by giving an update on the FY24 budget, relaying that 11.2% of it has been spent so far. Cresta explained how the budget’s biggest obstacle has been the inability to consistently … [Read more...] about School and Finance committees brainstorm on budget